Fact check: 4.5 million new jobs created under Obama?

Fact check: 4.5 million new jobs created under Obama?

[Excerpts]

With the Democratic National Convention in full swing, a number of party leaders are attempting to boost President Barack Obama’s re-election effort by asserting that 4.5 million new jobs have been created during his term.

That statistic was echoed by virtually all of Tuesday night’s speakers, including first lady Michelle Obama, Massachusetts Gov. Deval Patrick and Chicago Mayor Rahm Emanuel, who previously served as Obama’s chief of staff.

…CNN fact-checked that claim and found it to be “not the whole picture.” Instead, CNN found that there has been a net increase of just 300,000 nonfarm payroll jobs since Obama took office. And if you count government jobs, there are actually 400,000 fewer people working today than in January 2009.

CNN concludes: “…there are still fewer people working now than when Obama took office at the height of the recession.”

http://news.yahoo.com/blogs/ticket/fact-check-4-5-million-jobs-created-under-175621036–election.html