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Flashback 2010: V.P. Joe Biden Forecasts Growth of 500,000 New Jobs a Month

Not only did it never happen, it never came close.



washingtonpost 4/24/10
Vice President Biden predicted Friday that the U.S. economy would be adding up to 500,000 jobs each month "some time in the next couple of months." Biden said he "got in trouble" for his prediction last month of job growth
"Even some in the White House said, 'Hey, don't get ahead of yourself,' " he said at a Pennsylvania fundraiser, according to a pool report.  
"Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month. "We caught a lot of bad breaks on the way down," Biden added
"We're going to catch a few good breaks because of good planning on the way up." Most forecasters had expected about 200,000 jobs to be created in March.  
Instead, 162,000 jobs were created on non-farm payrolls -- the biggest one-month gain in three years but below what economists were predicting. The difference was largely attributable to fewer people than expected being hired by the government as census workers. But analysts said the numbers also illustrated the slow and wobbly nature of the ongoing economic recovery. A prediction of 500,000 jobs a month would be considered optimistic. Biden was in Pittsburgh for a brunch fundraiser on behalf of U.S. House candidate Mark Critz