WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today about new October jobs figures and a Committee analysis that for every one person added to the jobs rolls since the President took office, 75 people were added to the food stamp rolls:
“Simply put, the President’s policies have not produced jobs. During his time in office, 14.7 million people were added to the food stamp rolls. Over that same time, only 194,000 jobs were created—thus 75 people went on food stamps for every one that found a job.
This is a product of low growth. Post-recession economic growth in 2010 was 2.4%, and dropped in 2011 to 1.8%. This year it has dropped again to 1.77%. Few, if any, net jobs will be created with growth of less than 2%.”
NOTE: While only 194,000 net jobs have been created since 2009, the working age population has increased by approximately 5 million—almost 25 times that amount. In other words, a shrinking share of working age adults have or are even looking for a job. The real unemployment number (U-6), therefore, is 14.6 percent. To put this month’s job creation in historical perspective, in October of 1984, 286,000 jobs were created—67 percent more—at a time when the U.S. working age population was 26 percent smaller than it is today. The U.S. also remains 4.23 million jobs below the (December 2007) pre-recession employment level of 137.98 million people.
To view a Budget Committee chart representing the disparity between employment and food stamp growth, please click here.