How We Determined Which Presidents Created The Most Jobs
These numbers are taken from the household survey data collected by the Bureau of Labor Statistics . Between 1929 and 1947, they are taken from a special BLS survey. Both surveys count the total number of people employed. That includes paid employees, self-employed people, private household workers, farm-workers, and temporarily unpaid leave workers.
The number of jobs added during each president’s term was calculated by subtracting the total number of jobs when he entered office from the number of jobs when he left office. The number is taken from the household survey data for December of the prior year.
The Bureau of Labor Statistics publishes two employment statistics for each month, taken from two different sources. The household survey measures number of people employed. The non-farm payroll report measures the number of jobs created by businesses. This number does not include the self-employed, private household employees, farm-workers, or temporarily unpaid leave workers. An individual with two jobs is counted twice by the payroll survey.
Jobs Created During Us Presidential Terms
Politicians and pundits frequently refer to the ability of the President of the United States to “create jobs” in the U.S. during his term in office.The numbers are most often seen during the election season or in regard to a President’s economic legacy. The numbers typically used and most frequently cited by economists are total nonfarm payroll employment numbers as collected by the Bureau of Labor Statistics on a monthly and annual basis. The BLS also provides numbers for private-sector non-farm employment and other subsets of the aggregate.
Among the Presidents from Jimmy Carter to Donald Trump, President Bill Clinton created the most jobs at 18.6 million, while Ronald Reagan had the largest cumulative percentage increase in jobs at 15.6%. This computation treats the base month as the December before the month of inauguration and last month as December of the final full year in office. Using the month after inauguration as the base month as shown in the accompanying diagram, the top four Presidents in terms of cumulative job creation percentage are Clinton , Reagan , Carter , and Obama .
The Jobs Record: Donald Trump Vs Barack Obama/joe Biden
Donald Trump and Barack Obama at the White House in January 2017.AP
CLEVELAND, Ohio – President Donald Trump declared during Tuesdays presidential debate that “We built the greatest economy in history.
Democratic challenger Joe Biden, the vice president under Barack Obama, differed, saying we handed him a booming economy. He blew it.
Heres what the record says on jobs and unemployment rates, according to the U.S. Bureau of Labor Statistics:
Jobs growth slowed during the first three years under Trump from what had been the case during the final three years of Barack Obama. This is before the coronavirus struck, inflicting damage to the jobs market.
During Obamas final three years, from January 2014 through January 2017, the nation added 8,079,000 jobs, an increase of 5.9%.
During Trumps first three years, from January 2017 through January 2020, the nation added 6,585,000 jobs, an increase of 4.5%.
The difference was more striking for Ohio. The Buckeye State gained 288,000 jobs, or 4.2%, during the final three years of Obama, versus 79,700 jobs, or 1.4%, during the first three years of Trump.
As for the unemployment rate, it fell from 6.6% to 4.7% during Obamas final three years, then dropped to 3.6% after three years under Trump, as of January of this year.
In Ohio, the unemployment rate fell from 6.6% to 5.2% during Obamas final three years, then to 4.1% by January after the first three years of Trump.
Recommended Reading: Will Trump Win The Election
End Outsourcing And Bring Back Jobs From Overseas
America lost 31.4% of its manufacturing jobs between 2000 and 2011 these were steady jobs that, on average, paid $28.85 per hour.
U.S. companies outsourced many of these jobs to save money. But robotics, artificial intelligence, and bio-engineering also made some jobs obsolete, so ending outsourcing may not bring back all the jobs that were lost. It’s possible that government-sponsored training for these specialties might create more jobs for U.S. workers than a trade war.
Trumps Jobs Record Fell Short Of Promises Even Before The Virus
When Donald Trump ran for president, he boasted he would be the greatest jobs president that God ever created.
Now, as a result of the COVID-19 pandemic, Trump heads into the November election on track to be the first U.S. leader since World War II to oversee a net loss of jobs during a four-year term.
The virus upended one of the nation’s strongest jobs markets in decades and triggered the sharpest recession since at least the 1940s. As a result, since Trumps inauguration, the nation has shed a net 4.7 million positions as of August and more than 13 million people are unemployed, the rough equivalent of the combined populations of New York City, Chicago and Houston.
But even before COVID-19, Trumps job gains were nearly keeping up with the pace during former President Barack Obamas second term. And he was falling short of his 2016 campaign pledge to create 25 million jobs over the next decade.
On Friday, the Labor Department is scheduled to provide its last big look at employment before the Nov. 3 election. Economists project an 850,000 gain in nonfarm payrolls in September and expect the unemployment rate to notch down to 8.2% which would mark a moderating rebound and leave jobs still almost 11 million short of the pre-crisis level.
For Trump, his record on the economy ranges from the quality of jobs created to the impact of policies he enacted on taxes and trade.
Don’t Miss: Where Is President Trump’s Next Rally
The Us Must Rebuild A Sustainable Resilient Manufacturing
Even if the coronavirus pandemic is successfully controlled, we are likely to experience recurrent infections and hot spots until vaccines and more effective treatments arrive. Meanwhile, massive effort is needed, starting today, to rebuild and restructure the economy in ways that will address the needs of Black, Latinx, and women workers.
Millions of low-wage service jobs are unlikely to return. As we rebuild our economy, these jobs can and should be replaced with higher-wage jobs in manufacturing and construction that provide excellent benefits and afford workers the right to organize and bargain collectively. Planning and organizing these rebuilding effortsincluding design, permitting, and purchase of materials and rights-of-wayshould begin now, so that funding, projects, and employment can flow in earnest once the pandemic has been brought under control.
There are three essential components of a sustainable U.S. economy
Looking forward, the three pillars of building a sustainable, resilient, manufacturing-based economy are: rebalancing trade flows rebuilding U.S. infrastructure and supporting the transition to efficient and clean energy systems.5
The U.S. must rebalance trade flows
We must revise government procurement policies and trade rules to ensure that public infrastructure investments actually benefit U.S. workers and the U.S. economy
Investments should be financed with public debt until the economic crisis has subsided
The Us Must Continue To Provide Massive And Widespread Relief
Relief spending must be continued and expanded. The U.S. has recently encountered a Wile E. Coyote momentit just ran off the edge of a cliffwith the expiration of an expanded unemployment compensation program that was giving 33 million workers a $600 weekly unemployment insurance boost . The failure to renew this and other relief programs will cause a collapse in consumer spending and business investment, resulting in an economic tsunami that threatens to deepen the coronavirus recession into a depression in the fall, while potentially exacerbating the health crisis by pushing people to go back to work before its safe to do so .
We need expanded relief for all workers in the next coronavirus bill, and we also need to add at least $1 trillion in federal aid for state and local governments, support for public health measures , unemployment, and continuing income supports for the tens of millions who are furloughed or unemployed and for businesses that are shuttered . Without aid for state and local governments, in particular, 5.3 million jobs are at risk by the end of 2021, which threatens to further deepen the coronavirus recession .
Read Also: Does Anyone Think Trump Is Doing A Good Job
Donald Trump Has Only Delivered 1200 Coal
President Donald Trump spent much of his campaign promising to bring back coal, an industry that he said then-President Barack Obama had demoralized with too many regulations. So in July when Trump declared at a rally that he had created 45,000 coal jobs since the start of his presidency, many coal miners rejoiced.
“Everybody was saying, ‘Well, you won’t get any mining jobs,’ we picked up 45,000 mining jobs. Well, the miners are very happy with Trump and with Pence, and we’re very proud of that,” Trump said to an excited audience.
The only problem seems to be that number was nowhere close to true. In fact, since the beginning of Trump’s presidency, just 1,200 coal-mining jobs have been created, according to monthly reports by the Bureau of Labor Statistics. In fact, the 1,200 coal jobs during Trump’s presidency thus far are just 100 more than were created between August and December 2016 under President Obama.
Further, just a week ago, a union official said a mine in West Virginia was no longer in use and 260 workers had lost their jobs, adding that an additional 59 were laid off months ago at a different mine.
While the results have been far from what Trump promised, many coal miners who supported him last November are refusing to give up. In November, Reuters reported on coal miners who were rejecting training courses in other fields, citing Trump’s promise that he would bring back coal jobs.
Bill Clinton : 186 Million
President Clinton added 18.6 million jobs. He was the top job creator in terms of total numbers, but the third-largest percentage increase with a 15.6% increase. There were 119 million employed at the beginning of his term and 137.6 million people employed by the end of his term in December 2000.
Unlike most presidents, he did this through contractionary fiscal policy. He presided over eight years of steady economic growth. He created a $128 billion budget surplus in his final year as president, making him the more recent president to do so. His Omnibus Budget Reconciliation Act of 1993 raised the top tax rate from 28% to 39.6% for high-income earners. He increased the top corporate tax rate from 34% to 35%.
At the same time, President Clinton cut welfare spending. Recipients had to get jobs after two years. His policies helped reduce the number of people on welfare. Between August 1996 and March 2003, the number of welfare recipients fell by 59%, from 12.2 million to 4.96 million people.
Recommended Reading: How To Email Donald Trump Jr
Has Pennsylvania Added Thousands Of Manufacturing Jobs Since Trump Took Office
If Your Time is short
- Data from the U.S. Bureau of Labor Statistics shows slow, steady growth in jobs across Pennsylvania since January 2017 when Trump took office. But the growth hasnt been as robust as Pence made it seem.
- There were 6,105,806 jobs in Pennsylvania the month Trump was inaugurated, the data show, compared to 6,249,391 jobs in February of 2020 just before the coronavirus pandemic sent the economy into a tailspin.
- The number of jobs recorded in June the most recent month for when data was available when Pences office made the statement shows a net loss of almost 600,000 since Trump took office.
The day before he toured a chemical company in southwestern Pennsylvania, Vice President Mike Pence touted the jobs growth that had taken place across the state since President Donald Trump took office.
As a candidate, Trump vowed to revive manufacturing, and a July 29 email from the Office of the Vice President says:
“The Trump administrations pro-growth policies added over 209,000 jobs, including 16,000 new manufacturing jobs, to Pennsylvania the last three years.”
We wondered whether the Trump administration had created as many jobs as it claimed.
Data from the U.S. Bureau of Labor Statistics shows slow, steady growth in jobs across Pennsylvania since January 2017 when Trump took office. But the growth hasnt been as robust as Pence made it seem.
But those gains have evaporated and then some.
Lyndon B Johnson : 86 Million
Yoichi Okamoto / LBJ Library
President Johnson added 8.6 million jobs to 68.2 million employed in December 1963 that’s a 12.6% increase.
LBJ spent on social programs, such as Medicare, Medicaid, and the War on Poverty. That increased the debt by 15.6%. By the time he left office, the economy was growing a robust 4.9% but inflation rose to 4.4%.
Don’t Miss: Is Donald Trump A Republican
What Of The Specifics
The data from the Labour Department for August also has other interesting insights to offer on the employment situation. Of the jobs gain in that month, employment in government increased by 344,000, accounting for one-fourth of the over-the-month gain.
However, of this, 251,000 was in the federal government, which reflected the hiring of 238,000 temporary 2020 Census workers. These workers are likely to be laid off after work on the Census is completed. Meanwhile, overall government employment is still 831,000 below its February level.
Trump Says Us India Lead In Covid
As the numbers provided above show, the total number of jobs created in the US in the last four months is about 10.5 million close to the 10.6 million figure suggested by Trump.
However, the issue here is that Trump is leaving out other related facts and figures that would provide the full picture.
Don’t Miss: What Is Donald Trump Doing
A Timeline Of The President’s Policies
Kimberly Amadeo is an expert on U.S. and world economies and investing, with over 20 years of experience in economic analysis and business strategy. She is the President of the economic website World Money Watch. As a writer for The Balance, Kimberly provides insight on the state of the present-day economy, as well as past events that have had a lasting impact.
Donald Trump promised to be the greatest job-producing president in U.S. history. During his 2016 campaign, he pledged to create 25 million jobs in the next 10 years. However, due to the COVID-19 pandemic, there were 3.1 million fewer jobs in December 2020 than in January 2017 when Trump took office.
If Donald Trump had been able to keep his campaign promise, he would have beaten the current record-holder, President Bill Clinton, who during his two terms.
To create those jobs, Trump told the Economic Club of New York he wanted to establish a national goal of 4% economic growth. Let’s look at the details of his policies and how they’ve worked during his term.