Job creation is an issue of great concern in a recovering economy. In order to maintain even a steady unemployment level, we need to create more than 100,000 new jobs per month to be filled by workers coming into the job market.
In May 2007, for the first time in many years, there was no job growth. In fact, more than 100,000 jobs were lost with no alarms being raised to the public. The loss of jobs continued to increase monthly and by the time President Barack Obama was sworn into office in January 2009, job losses were about 800,000 per month.
Through the efforts of the new administration, the job losses recovered over the next 18 months. Real job growth of 150,000 was seen in March 2010. Since then, the recovering economy has created 100,000 to 250,000 additional jobs in most months.
Obama was very forthcoming when he explained that it would take a long time to recover from the financial disaster. A presidential term is not long enough to see total recovery, especially while working against an obstructionist Congress.
It would be a disastrous mistake to overturn a successful program in midstream. We need to keep our president in office for the next four years to continue the progress in job creation and to strengthen our economy in other areas as well.
Anne C. Pollitzer
St. Helena Island