It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration:
At least the blue bars still are still pointing UP.
Via Steve Benen at The Maddow Blog, where there's more:
The Bureau of Labor Statistics reported this morning that the U.S. economy created just 88,000 jobs in March, the worst in the last 10 months. As is usually the case, there was a gap between the two major sectors -- America's private sector added 95,000 jobs last month, the public sector lost 7,000 jobs, though most of those totals were driven by Post Office layoffs.
The news is awful, but there was a silver lining: totals from January were revised up to 148,000 jobs (from 119,000), while February was revised up to 268,000 (from +236,000). The additional 61,000 jobs helped push the unemployment rate to 7.6%, its lowest point since December 2008.