In 2008 from the January 1 peak to the November election, total nonfarm private employment fell by almost 3 million to 113 million.
After the election of Obama, however, it plunged another 6 million until February 2010, 16 long months later.
As usual Nancy Pelosi has her holes mixed up (quoted here):
"I have to note that today we have replaced all of the jobs lost under the Bush economic policies and recession that that took us into," Pelosi told reporters on Capitol Hill. "It's taken this long to build back from that." ... Heidi Shierholz, an economist with the liberal Economic Policy Institute, said the numbers may have political or psychological value, but not much else. There are still nearly 3 million more unemployed people than when the recession started. "I cannot think of anything economically meaningful about passing the December 2007 employment level," Shierholz said.
