The article below was first published on January 9, 2009 and shows the job creation of various Presidents since Harry Truman. But it doesn’t tell the whole story. President Obama had not even taken office and over 700,000 jobs were lost during the months of January and February, long before any passage of legislation like the Stimulus took effect. The fact is that this year alone nearly 1,000,000 new jobs have been created despite the anemic recovery from the greatest recession since the great depression. I’m growing very weary of the misinformation and lies being constantly spread by the Republican Party and right wing media. It’s time to start asking the Republican House of Representatives every day: “Where the hell are the jobs you promised?” Their answer will be to just cut taxes on the rich, and we know exactly how well that worked during the Bush administration, don’t we?? It is time the pathological lying STOP!
- REAL TIME ECONOMICS HOME PAGE »
- By WSJ Staff
President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.
His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under PresidentBill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.
Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.
Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records. –Sudeep Reddy
The chart can be sorted by any of the following categories.
|President||Jobs created||Jobs at end of term||Jobs at start of term||Payroll expansion||Jobs created per year in office||Population growth||Percent change in population|
|George W. Bush||3.0 million||135.5 million||132.5 million||2.3%||375,000||22.0 million||7.7%|
|Bill Clinton||23.1 million||132.5 million||109.4 million||21.1%||2,900,000||25.2 million||8.9%|
|George H.W. Bush||2.5 million||109.4 million||106.9 million||2.3%||625,000||12.5 million||4.8%|
|Ronald Reagan||16.0 million||106.9 million||90.9 million||17.6%||2,000,000||17.3 million||7%|
|Jimmy Carter||10.5 million||90.9 million||80.4 million||13.1%||2,600,000||9.8 million||4.3%|
|Gerald Ford||1.8 million||80.4 million||78.6 million||2.3%||745,000||5.1 million||2.3%|
|Richard Nixon||9.4 million||78.6 million||69.2 million||13.6%||1,700,000||12.3 million||5.7%|
|Lyndon Johnson||11.9 million||69.2 million||57.3 million||20.8%||2,300,000||11.3 million||5.6%|
|John F. Kennedy||3.6 million||57.3 million||53.7 million||6.7%||1,200,000||8.2 million||4.3%|
|Dwight Eisenhower||3.5 million||53.7 million||50.2 million||7%||438,000||23.3 million||12.8%|
|Harry Truman||8.4 million||50.2 million||41.8 million||20.1%||1,100,000||N/A||N/|