Over and over again at the Democratic National Convention, speakers said how the Obama recovery had generated 4.5 million private-sector jobs. Here is Bill Clinton:
In the last 29 months, our economy has produced about 4.5 million private-sector jobs.
That is not quite right. Dated from the beginning of the recovery in July 2009, only 3.5 million new private sector jobs have been created, or just 91,000 a month.
But the Obamacrats start counting when the economy stopped losing jobs in February 2010. Incorporating the new numbers from the August jobs report, the Obama private-sector jobs recovery has now created 4.6 million jobs in 30 months.
But what many Democrats may find surprising is that the Bush jobs recovery, measured the same way, created 5 million net new jobs.