Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Which President Created the Most Jobs?


Recommended Posts

6 minutes ago, ladyGrace'sDaddy said:

No we're not going to hate. We recognize it for the garbage it is. Not worth even reading since you don't know how to paste it.

 

It opened for me, LGD....

 

 

https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218

 

 

Bill Clinton (1993-2001): Most Number of Jobs Created.

Bill Clinton, 1995
Karl Gehring/Getty Images

 

President Clinton added 18.6 million jobs. He was the top job creator in terms of total numbers. It was a 15.6 percent increase, the third-largest percentage increase. There were 137.6 million people employed in December 2000, the end of his term. There were 118.9 million employed at the beginning of his term.

Unlike most presidents, he did this through contractionary fiscal policy. He presided over eight years of steady economic growth without adding to the debt. He created a surplus, reducing the debt by $63 billion. His Omnibus Budget Reconciliation Act of 1993 raised the top tax rate from 28 percent to 36 percent for high-income earners. He increased the top corporate tax rate from 34 percent to 36 percent. He created the earned income tax credit for low-income families and raised the gas tax by $0.43 per gallon. 

At the same time, he cut welfare spending. Recipients had to get jobs after two years. His policies cut the number on welfare by two-thirds, to 4.5 million, by 2004. 

 

 

02
Franklin D. Roosevelt (1933-1945): Largest Percent Increase.
fdr-56a9a7b53df78cf772a941b2.jpg

 

President Roosevelt increased jobs by 21.5 percent, the largest percentage increase of all presidents. He added 9.5 million workers to the 38.9 million working at the start of his term. That made him the fourth-largest in sheer numbers.  This was after he created the New Deal to end the Great Depression. FDR also built up the economy to enter World War II.

 

 

03
Ronald Reagan (1981-1989): Second-Largest Job Creator, Job and Percentage-Wise
President Ronald Reagan Photo
Ronald Reagan Presidential Library

 

President Reagan added 16.5 million jobs during his eight-year term, a 16.5 percent increase. Reagan was the second-largest job creator both number-wise and percentage-wise. There were 116.1 million people working in December 1988 compared to 99.6 million in December 1980.

Reagan responded to the 1981 recession with Reaganomics. This was expansive fiscal policy based on supply-side economics. Reagan cut the top income tax rate from 70 percent to 28 percent. He also cut the top corporate tax rate from 48 percent to 34 percent. He increased government spending by 2.5 percent a year. His policies doubled the debt. To some extent, trickle-down economics worked as the tax rates at that time fell into the “Prohibitive Range” of the Laffer Curve.

 

 

04
Jimmy Carter (1977-1981): Fourth-largest Job Increase
Jimmy Carter
Photo by Bettmann / Getty Images

 

President Jimmy Carter added 9.8 million jobs, a 10.9 percent increase. He did that by adding $299 billion to the $699 billion debt, a 43 percent increase.

 

 

05
Harry Truman (1945-1953): Fourth-largest Percent Increase
Harry Truman
Photo by Fox Photos/Getty Images

 

President Truman added 6.9 million jobs. The 13 percent increase was the fourth-largest among modern presidents. He added $7 billion to the debt to fight two recessions. The end of World War II caused the 1945 recession, which reappeared in 1949. 

 

 

06
Barack Obama (2009-2017): Special Mention
fy 2011 budget
Photo by Mark Wilson/Getty Images

 

President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That's compared to 143.4 million working at the end of the Bush administration.

But that doesn't give the total picture. The economy lost 8.5 million jobs as a result of the 2008 financial crisis. It kept shedding them until December 2009. Since that low point, Obama created 16 million jobs, a 11.6 percent increase. If measured that way, Obama was the third-largest job creator in terms of numbers.

Obama attacked the Great Recession with the American Recovery and Reinvestment Act. It created jobs through public works. Many of those jobs were in construction. That successfully reduced the unemployment rate. But that meant Obama increased the debt by $8.6 trillion, a 74 percent increase. That drove the debt-to-GDP ratio to 104 percent.

It didn't stimulate demand as much as creating the same number of better paying high-tech jobs. In fact, jobs created after the last few recessions have led to greater income inequality, as re-hired workers became willing to take jobs that paid less. The high level of long-term unemployed and underemployed meant that trend only continued. 

Job creation would have been stronger during Obama's term if Congress hadn't passed sequestration. In his last FOMC meeting, Federal Reserve Chairman Ben Bernanke noted that these austerity measures forced the government to shed 600,000 jobs in four years. In the prior recovery, the economy added 400,000 jobs during the same period.  

 

 

07
Lyndon B. Johnson (1963-1969)
LBJ with soldier in Vietnam.
Yoichi Okamoto for LBJ library.

 

President Johnson added 8.6 million jobs to the 68.2 million employed in December 1963. That's a 12.6 percent increase.

LBJ spent on social programs, such as Medicare, Medicaid, and the War on Poverty. That increased the debt by 13 percent. By the time he left office, the economy was growing a robust 4.9 percent. That created a 4.7 percent inflation rate.

 

 

08
Richard Nixon (1969-1974)
nixon-brezhnev.jpg
Photo by Dirck Halstead/Liaison/Getty Images

 

President Nixon added 9.4 million jobs to the 76.8 million workers at the end of the Johnson administration. That's a 12.2 percent increase.

He initially presided over a growing economy. Americans celebrated by importing more goods. As they paid in dollars, foreigners started redeeming them for gold. The Bretton Woods Agreement guaranteed an ounce of gold for every $35. The United States could not redeem the $45.7 billion in global dollars, since it only held $14.5 billion in gold. The Federal Reserve raised interest rates to defend the gold standard, but that created the 1970 recession.

Nixon ordered a 90-day freeze on wages and prices, which worsened the recession. He soon abandoned the gold standard completely. That created double-digit inflation, as the dollar's value plummeted to $120 per ounce of gold. 

Nixon won re-election. But his actions created the 1973 recession coupled with double-digit inflation. That situation is called stagflation. Nixon resigned on August 8, 1974, due to the Watergate scandal.

 

 

09
Dwight Eisenhower (1953-1961)
President Eisenhower
Photo by Keystone/Getty Images

 

President Eisenhower added 4.8 million jobs, a 7.9 percent increase. He increased the debt by 9 percent, or $23 billion, to fight two recessions. The end of the Korean War caused the 1953 recession. High interest rates caused the 1957 recession. 

Part of Eisenhower's success with job creation was due to his creation of the Interstate Highway System. He spent $25 billion to build 41,000 miles of road.

University of Massachusetts/Amherst study found that government spending on public transportation is the most cost-effective way to create jobs. One billion dollars spent on public transportation creates 19,795 construction jobs. It's a better unemployment solution than income tax cuts, which only creates 10,779 jobs for the same price.

 

 

10
John F. Kennedy (1961-1963)
jfk
Photo by Hulton Archive/Getty Images

 

President Kennedy added 2.4 million jobs, a 3.7 percent increase. His inaugural speech created confidence. He endorsed deficit spending, increasing the debt by 8.6 percent. He raised the minimum wage, improved Social Security benefits, and passed an urban renewal package. That ended the 1960 recession he inherited from Eisenhower.

 

 

11
George W. Bush (2001-2009)
President Bush dealing with the 2001 recession.
Eric Draper/The White House/Getty Images

 

President Bush created 5.8 million jobs, a 4.2 percent increase.  He struggled with two recessions. He lost 3.6 million jobs in 2008, his last year in office. 

The job gains occurred before that, as he recovered from the 2001 recession. He responded to it with stimulus checks and the Bush tax cuts. But tax cuts are not the best ways to create jobs. He was helped by low interest rates from Alan Greenspan's expansive monetary policy.

 

 

12
Other One-Term Presidents
job created by president
Photo: Getty Images

 

Presidents who only served one term had less time to create jobs. 

George H.W. Bush (1989-1993) added 2.9 million jobs, a 2.5 percent increase. He added $1.5 trillion to the debt, a 54 percent increase.

Gerald Ford (1974-1977) added 3.6 million jobs, a 4.2 percent increase. He inherited the 1973 recession from President Nixon. He added $224 billion to the U.S. debt, which was a 47 percent increase. 

 

 

13
Donald J. Trump (2017 - 2021)
Trump State of the Union
 Photo by Win McNamee/Getty Images

 

President Trump created 4.7 million jobs in his first two years. That's a 3.1 percent increase over the 152.2 million people working at the end of Obama's term. Trump passed the Tax Cuts and Jobs Act in 2017.

 

 

14
Methodology
Edited by umbertino
  • Thanks 2
  • Downvote 2
Link to comment
Share on other sites

1 hour ago, nstoolman1 said:

A simple posting would have sufficed. You felt the need to throw in a dig for some reason know only to you'

 

 

Talking to me or  caddieman?

 

LGD said he (caddie) wasn't even able to paste so I tried to give a hand....Just that.....

Edited by umbertino
  • Thanks 2
Link to comment
Share on other sites

One problem with these raw job numbers is that they don't take into account changes in population. Creating a million jobs in an economy that has 100 million workers is a bigger deal than creating the same million jobs in an economy with 200 million workers.

 

So let's look at the percentage change:

job_creation_in_percent.jpg

 

The ratio between jobs and number of people able to work is omitted in the 1st article.

 

 

Willie did hold office in one of the biggest tech booms in history too..... And NO Al Gore did not invent the internet!

 

https://prospect.org/article/obama-compared-prior-presidents-job-creation-graphs

Edited by bigwave
finished the post
  • Thanks 3
Link to comment
Share on other sites

17 minutes ago, bigwave said:

One problem with these raw job numbers is that they don't take into account changes in population. Creating a million jobs in an economy that has 100 million workers is a bigger deal than creating the same million jobs in an economy with 200 million workers.

 

So let's look at the percentage change:

job_creation_in_percent.jpg

 

The ratio between jobs and number of people able to work is omitted in the 1st article.

 

 

Willie did hold office in one of the biggest tech booms in history too..... And NO Al Gore did not invent the internet!

 

https://prospect.org/article/obama-compared-prior-presidents-job-creation-graphs

Now you should know better than to confuse liberals with something as miniscule as facts.:lmao:

  • Thanks 1
  • Haha 4
Link to comment
Share on other sites

***///

 

Which President created the most jobs  for illegals...?

 

Which President created "green" jobs for the (intentionally) failed Solyndra which

collapsed on cue rendering all ho'bummer's henchmen filthy rich & flush with our Tax Dollars?

 

Which President created the most jobs for the dirty Chi-Coms...?

 

Which President sent the most jobs overseas so U.S. companies could stay alive...?

 

 

 

 

 

 

 

 

  • Thanks 3
  • Upvote 3
Link to comment
Share on other sites

***///

 

Which President created the most jobs  for illegals...?

 

Which President created "green" jobs for the (intentionally) failed Solyndra which

collapsed on cue rendering all ho'bummer's henchmen filthy rich & flush with our Tax Dollars?

 

Which President created the most jobs for the dirty Chi-Coms...?

 

Which President sent the most jobs overseas so U.S. companies could stay alive...?

Jobs he said "will never come back here"...

 

Which President used a poison 'Presidential Pen & a cell phone" to impose strangleholds on

US Businesses, Farmers & start-ups....?  

 

 

 

 

 

 

 

 

Edited by SgtFuryUSCZ
  • Like 1
  • Thanks 4
Link to comment
Share on other sites

1 hour ago, umbertino said:

 

Talking to me or  caddieman?

 

LGD said he (caddie) wasn't even able to paste so I tried to give a hand....Just that.....

I was not referring to you Umb. I keep forgetting to quote the people I am speaking to. And thanks to whomever for the ruby.

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

1 hour ago, SgtFuryUSCZ said:

***///

 

Which President created the most jobs  for illegals...?

 

Which President created "green" jobs for the (intentionally) failed Solyndra which

collapsed on cue rendering all ho'bummer's henchmen filthy rich & flush with our Tax Dollars?

 

Which President created the most jobs for the dirty Chi-Coms...?

 

Which President sent the most jobs overseas so U.S. companies could stay alive...?

Jobs he said "will never come back here"...

 

Which President used a poison 'Presidential Pen & a cell phone" to impose strangleholds on

US Businesses, Farmers & start-ups....?  

 

 

 

 

 

 

 

 

 

To be fair, the Clinton hit squad added untold numbers to the employment roles...      :cowboy1:

  • Thanks 2
  • Haha 2
  • Upvote 1
Link to comment
Share on other sites

1 hour ago, nstoolman1 said:

I was not referring to you Umb. I keep forgetting to quote the people I am speaking to. And thanks to whomever for the ruby.

 

Ok  nstoolman1....Thanks....Was sincerely only trying  to help.....

 

I don't give rubies EVER as my own rule of thumb...So the one you got was not from me

 

The one I got instead I'd guess comes  ( 95% chance) from my usual negger cowardly anonymous stalker.....One day I'm going to find out   somehow...Only because I'm curious.......No need to hide, brother (Cain) negger.......

Edited by umbertino
  • Haha 1
  • Upvote 1
  • Downvote 1
Link to comment
Share on other sites

6 hours ago, umbertino said:

 

It opened for me, LGD....

 

 

https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218

 

 

Bill Clinton (1993-2001): Most Number of Jobs Created.

Bill Clinton, 1995
Karl Gehring/Getty Images

 

President Clinton added 18.6 million jobs. He was the top job creator in terms of total numbers. It was a 15.6 percent increase, the third-largest percentage increase. There were 137.6 million people employed in December 2000, the end of his term. There were 118.9 million employed at the beginning of his term.

Unlike most presidents, he did this through contractionary fiscal policy. He presided over eight years of steady economic growth without adding to the debt. He created a surplus, reducing the debt by $63 billion. His Omnibus Budget Reconciliation Act of 1993 raised the top tax rate from 28 percent to 36 percent for high-income earners. He increased the top corporate tax rate from 34 percent to 36 percent. He created the earned income tax credit for low-income families and raised the gas tax by $0.43 per gallon. 

At the same time, he cut welfare spending. Recipients had to get jobs after two years. His policies cut the number on welfare by two-thirds, to 4.5 million, by 2004. 

 

 

02
Franklin D. Roosevelt (1933-1945): Largest Percent Increase.
fdr-56a9a7b53df78cf772a941b2.jpg

 

President Roosevelt increased jobs by 21.5 percent, the largest percentage increase of all presidents. He added 9.5 million workers to the 38.9 million working at the start of his term. That made him the fourth-largest in sheer numbers.  This was after he created the New Deal to end the Great Depression. FDR also built up the economy to enter World War II.

 

 

03
Ronald Reagan (1981-1989): Second-Largest Job Creator, Job and Percentage-Wise
President Ronald Reagan Photo
Ronald Reagan Presidential Library

 

President Reagan added 16.5 million jobs during his eight-year term, a 16.5 percent increase. Reagan was the second-largest job creator both number-wise and percentage-wise. There were 116.1 million people working in December 1988 compared to 99.6 million in December 1980.

Reagan responded to the 1981 recession with Reaganomics. This was expansive fiscal policy based on supply-side economics. Reagan cut the top income tax rate from 70 percent to 28 percent. He also cut the top corporate tax rate from 48 percent to 34 percent. He increased government spending by 2.5 percent a year. His policies doubled the debt. To some extent, trickle-down economics worked as the tax rates at that time fell into the “Prohibitive Range” of the Laffer Curve.

 

 

04
Jimmy Carter (1977-1981): Fourth-largest Job Increase
Jimmy Carter
Photo by Bettmann / Getty Images

 

President Jimmy Carter added 9.8 million jobs, a 10.9 percent increase. He did that by adding $299 billion to the $699 billion debt, a 43 percent increase.

 

 

05
Harry Truman (1945-1953): Fourth-largest Percent Increase
Harry Truman
Photo by Fox Photos/Getty Images

 

President Truman added 6.9 million jobs. The 13 percent increase was the fourth-largest among modern presidents. He added $7 billion to the debt to fight two recessions. The end of World War II caused the 1945 recession, which reappeared in 1949. 

 

 

06
Barack Obama (2009-2017): Special Mention
fy 2011 budget
Photo by Mark Wilson/Getty Images

 

President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That's compared to 143.4 million working at the end of the Bush administration.

But that doesn't give the total picture. The economy lost 8.5 million jobs as a result of the 2008 financial crisis. It kept shedding them until December 2009. Since that low point, Obama created 16 million jobs, a 11.6 percent increase. If measured that way, Obama was the third-largest job creator in terms of numbers.

Obama attacked the Great Recession with the American Recovery and Reinvestment Act. It created jobs through public works. Many of those jobs were in construction. That successfully reduced the unemployment rate. But that meant Obama increased the debt by $8.6 trillion, a 74 percent increase. That drove the debt-to-GDP ratio to 104 percent.

It didn't stimulate demand as much as creating the same number of better paying high-tech jobs. In fact, jobs created after the last few recessions have led to greater income inequality, as re-hired workers became willing to take jobs that paid less. The high level of long-term unemployed and underemployed meant that trend only continued. 

Job creation would have been stronger during Obama's term if Congress hadn't passed sequestration. In his last FOMC meeting, Federal Reserve Chairman Ben Bernanke noted that these austerity measures forced the government to shed 600,000 jobs in four years. In the prior recovery, the economy added 400,000 jobs during the same period.  

 

 

07
Lyndon B. Johnson (1963-1969)
LBJ with soldier in Vietnam.
Yoichi Okamoto for LBJ library.

 

President Johnson added 8.6 million jobs to the 68.2 million employed in December 1963. That's a 12.6 percent increase.

LBJ spent on social programs, such as Medicare, Medicaid, and the War on Poverty. That increased the debt by 13 percent. By the time he left office, the economy was growing a robust 4.9 percent. That created a 4.7 percent inflation rate.

 

 

08
Richard Nixon (1969-1974)
nixon-brezhnev.jpg
Photo by Dirck Halstead/Liaison/Getty Images

 

President Nixon added 9.4 million jobs to the 76.8 million workers at the end of the Johnson administration. That's a 12.2 percent increase.

He initially presided over a growing economy. Americans celebrated by importing more goods. As they paid in dollars, foreigners started redeeming them for gold. The Bretton Woods Agreement guaranteed an ounce of gold for every $35. The United States could not redeem the $45.7 billion in global dollars, since it only held $14.5 billion in gold. The Federal Reserve raised interest rates to defend the gold standard, but that created the 1970 recession.

Nixon ordered a 90-day freeze on wages and prices, which worsened the recession. He soon abandoned the gold standard completely. That created double-digit inflation, as the dollar's value plummeted to $120 per ounce of gold. 

Nixon won re-election. But his actions created the 1973 recession coupled with double-digit inflation. That situation is called stagflation. Nixon resigned on August 8, 1974, due to the Watergate scandal.

 

 

09
Dwight Eisenhower (1953-1961)
President Eisenhower
Photo by Keystone/Getty Images

 

President Eisenhower added 4.8 million jobs, a 7.9 percent increase. He increased the debt by 9 percent, or $23 billion, to fight two recessions. The end of the Korean War caused the 1953 recession. High interest rates caused the 1957 recession. 

Part of Eisenhower's success with job creation was due to his creation of the Interstate Highway System. He spent $25 billion to build 41,000 miles of road.

University of Massachusetts/Amherst study found that government spending on public transportation is the most cost-effective way to create jobs. One billion dollars spent on public transportation creates 19,795 construction jobs. It's a better unemployment solution than income tax cuts, which only creates 10,779 jobs for the same price.

 

 

10
John F. Kennedy (1961-1963)
jfk
Photo by Hulton Archive/Getty Images

 

President Kennedy added 2.4 million jobs, a 3.7 percent increase. His inaugural speech created confidence. He endorsed deficit spending, increasing the debt by 8.6 percent. He raised the minimum wage, improved Social Security benefits, and passed an urban renewal package. That ended the 1960 recession he inherited from Eisenhower.

 

 

11
George W. Bush (2001-2009)
President Bush dealing with the 2001 recession.
Eric Draper/The White House/Getty Images

 

President Bush created 5.8 million jobs, a 4.2 percent increase.  He struggled with two recessions. He lost 3.6 million jobs in 2008, his last year in office. 

The job gains occurred before that, as he recovered from the 2001 recession. He responded to it with stimulus checks and the Bush tax cuts. But tax cuts are not the best ways to create jobs. He was helped by low interest rates from Alan Greenspan's expansive monetary policy.

 

 

12
Other One-Term Presidents
job created by president
Photo: Getty Images

 

Presidents who only served one term had less time to create jobs. 

George H.W. Bush (1989-1993) added 2.9 million jobs, a 2.5 percent increase. He added $1.5 trillion to the debt, a 54 percent increase.

Gerald Ford (1974-1977) added 3.6 million jobs, a 4.2 percent increase. He inherited the 1973 recession from President Nixon. He added $224 billion to the U.S. debt, which was a 47 percent increase. 

 

 

13
Donald J. Trump (2017 - 2021)
Trump State of the Union
 Photo by Win McNamee/Getty Images

 

President Trump created 4.7 million jobs in his first two years. That's a 3.1 percent increase over the 152.2 million people working at the end of Obama's term. Trump passed the Tax Cuts and Jobs Act in 2017.

 

 

14
Methodology

 

You know my friend....this post of yours is pretty slippery as you only posted the second half of the article......which of course was only favorable to your point....

 

The first half talks percentages......you left that out......

 

This is kind of like the Popular vote vs. the Electoral College in the states.......

 

Numbers and statistics can be skewed in almost any many manor to create a point......here's the whole article.....cheers.    CL

 

Which President Created the Most Jobs?
MenuSearch
GO
Ad

 

Which President Created the Most Jobs?

12 Presidents' Jobs Creation by Number and Percent

 
 
Updated February 19, 2019

 

Which president created the most jobs? You must look at percentage as well as the total number of jobs generated to compare presidents over time. It's much easier to create lots of jobs today since the economy is bigger. For example, there were 157 million people working in December 2018. That's more than double the 47.6 million employed in 1929, the earliest year counted by the Bureau of Labor Statistics.

With that in mind, Bill Clinton created the most number of jobs during his two terms. He added 18.6 million, a 15.6 percent increase.

Franklin Roosevelt created the most percentage-wise with a 21.5 percent increase. During his term, he had to recover from the depths of the Great Depression. But, it's not fair to use that because he was in office for more than two terms. For a two-term president, the percentage winner was Ronald Reagan with a 16.5 percent increase. 

A president's record at job creation depends somewhat on the business cycle. For example, those who inherited a recession, like Clinton, Obama, Reagan, Carter, and LBJ, did better at job creation. They started with a low base and so had nowhere to go but up. Those that created recessions, like both Bushes, Nixon, and Eisenhower, did the worst. 

Presidents have many tools to create jobs. The most important tools are expansive fiscal policy, especially deficit spending. Government spending can employ people directly and through contracting. That will encourage the private sector to hire through greater demand from consumers. But all presidents must have Congressional budget approval before they can spend.

A president does have one unique tool as the leader of the free world. He can inspire confidence through a compelling vision. A president who can articulate a message that reverses doubt and pessimism will be successful in creating jobs. 

 

 

01
 Bill Clinton (1993-2001): Most Number of Jobs Created.
Bill Clinton, 1995
Karl Gehring/Getty Images

 

President Clinton added 18.6 million jobs. He was the top job creator in terms of total numbers. It was a 15.6 percent increase, the third-largest percentage increase. There were 137.6 million people employed in December 2000, the end of his term. There were 118.9 million employed at the beginning of his term.

Unlike most presidents, he did this through contractionary fiscal policy. He presided over eight years of steady economic growth without adding to the debt. He created a surplus, reducing the debt by $63 billion. His Omnibus Budget Reconciliation Act of 1993 raised the top tax rate from 28 percent to 36 percent for high-income earners. He increased the top corporate tax rate from 34 percent to 36 percent. He created the earned income tax credit for low-income families and raised the gas tax by $0.43 per gallon. 

At the same time, he cut welfare spending. Recipients had to get jobs after two years. His policies cut the number on welfare by two-thirds, to 4.5 million, by 2004. 

 

Continue to 2 of 15 below.

 

02
 Franklin D. Roosevelt (1933-1945): Largest Percent Increase.
 

 

President Roosevelt increased jobs by 21.5 percent, the largest percentage increase of all presidents. He added 9.5 million workers to the 38.9 million working at the start of his term. That made him the fourth-largest in sheer numbers.  This was after he created the New Deal to end the Great Depression. FDR also built up the economy to enter World War II.

 

Continue to 3 of 15 below.

 

 

03
 Ronald Reagan (1981-1989): Second-Largest Job Creator, Job and Percentage-Wise
 
Ronald Reagan Presidential Library

 

President Reagan added 16.5 million jobs during his eight-year term, a 16.5 percent increase. Reagan was the second-largest job creator both number-wise and percentage-wise. There were 116.1 million people working in December 1988 compared to 99.6 million in December 1980.

Reagan responded to the 1981 recession with Reaganomics. This was expansive fiscal policy based on supply-side economics. Reagan cut the top income tax rate from 70 percent to 28 percent. He also cut the top corporate tax rate from 48 percent to 34 percent. He increased government spending by 2.5 percent a year. His policies doubled the debt. To some extent, trickle-down economics worked as the tax rates at that time fell into the “Prohibitive Range” of the Laffer Curve.

 

 

04
 Jimmy Carter (1977-1981): Fourth-largest Job Increase
 
Photo by Bettmann / Getty Images

 

President Jimmy Carter added 9.8 million jobs, a 10.9 percent increase. He did that by adding $299 billion to the $699 billion debt, a 43 percent increase.

 

Continue to 5 of 15 below.

 
 

 

05
 Harry Truman (1945-1953): Fourth-largest Percent Increase
 
Photo by Fox Photos/Getty Images

 

President Truman added 6.9 million jobs. The 13 percent increase was the fourth-largest among modern presidents. He added $7 billion to the debt to fight two recessions. The end of World War II caused the 1945 recession, which reappeared in 1949. 

 

 

06
 Barack Obama (2009-2017): Special Mention
 
Photo by Mark Wilson/Getty Images

 

President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That's compared to 143.4 million working at the end of the Bush administration.

But that doesn't give the total picture. The economy lost 8.5 million jobs as a result of the 2008 financial crisis. It kept shedding them until December 2009. Since that low point, Obama created 16 million jobs, a 11.6 percent increase. If measured that way, Obama was the third-largest job creator in terms of numbers.

Obama attacked the Great Recession with the American Recovery and Reinvestment Act. It created jobs through public works. Many of those jobs were in construction. That successfully reduced the unemployment rate. But that meant Obama increased the debt by $8.6 trillion, a 74 percent increase. That drove the debt-to-GDP ratio to 104 percent.

It didn't stimulate demand as much as creating the same number of better paying high-tech jobs. In fact, jobs created after the last few recessions have led to greater income inequality, as re-hired workers became willing to take jobs that paid less. The high level of long-term unemployed and underemployed meant that trend only continued. 

Job creation would have been stronger during Obama's term if Congress hadn't passed sequestration. In his last FOMC meeting, Federal Reserve Chairman Ben Bernanke noted that these austerity measures forced the government to shed 600,000 jobs in four years. In the prior recovery, the economy added 400,000 jobs during the same period.  

 

Continue to 7 of 15 below.

 

 

07
 Lyndon B. Johnson (1963-1969)
 
Yoichi Okamoto for LBJ library.

 

President Johnson added 8.6 million jobs to the 68.2 million employed in December 1963. That's a 12.6 percent increase.

LBJ spent on social programs, such as Medicare, Medicaid, and the War on Poverty. That increased the debt by 13 percent. By the time he left office, the economy was growing a robust 4.9 percent. That created a 4.7 percent inflation rate.

 

 

08
 Richard Nixon (1969-1974)
 
Photo by Dirck Halstead/Liaison/Getty Images

 

President Nixon added 9.4 million jobs to the 76.8 million workers at the end of the Johnson administration. That's a 12.2 percent increase.

He initially presided over a growing economy. Americans celebrated by importing more goods. As they paid in dollars, foreigners started redeeming them for gold. The Bretton Woods Agreement guaranteed an ounce of gold for every $35. The United States could not redeem the $45.7 billion in global dollars, since it only held $14.5 billion in gold. The Federal Reserve raised interest rates to defend the gold standard, but that created the 1970 recession.

Nixon ordered a 90-day freeze on wages and prices, which worsened the recession. He soon abandoned the gold standard completely. That created double-digit inflation, as the dollar's value plummeted to $120 per ounce of gold. 

Nixon won re-election. But his actions created the 1973 recession coupled with double-digit inflation. That situation is called stagflation. Nixon resigned on August 8, 1974, due to the Watergate scandal.

 

Continue to 9 of 15 below.

 

 

09
 Dwight Eisenhower (1953-1961)
 
Photo by Keystone/Getty Images

 

President Eisenhower added 4.8 million jobs, a 7.9 percent increase. He increased the debt by 9 percent, or $23 billion, to fight two recessions. The end of the Korean War caused the 1953 recession. High interest rates caused the 1957 recession. 

Part of Eisenhower's success with job creation was due to his creation of the Interstate Highway System. He spent $25 billion to build 41,000 miles of road.

University of Massachusetts/Amherst study found that government spending on public transportation is the most cost-effective way to create jobs. One billion dollars spent on public transportation creates 19,795 construction jobs. It's a better unemployment solution than income tax cuts, which only creates 10,779 jobs for the same price.

 

 

10
 John F. Kennedy (1961-1963)
 
Photo by Hulton Archive/Getty Images

 

President Kennedy added 2.4 million jobs, a 3.7 percent increase. His inaugural speech created confidence. He endorsed deficit spending, increasing the debt by 8.6 percent. He raised the minimum wage, improved Social Security benefits, and passed an urban renewal package. That ended the 1960 recession he inherited from Eisenhower.

 

Continue to 11 of 15 below.

 

 

11
 George W. Bush (2001-2009)
 
Eric Draper/The White House/Getty Images

 

President Bush created 5.8 million jobs, a 4.2 percent increase.  He struggled with two recessions. He lost 3.6 million jobs in 2008, his last year in office. 

The job gains occurred before that, as he recovered from the 2001 recession. He responded to it with stimulus checks and the Bush tax cuts. But tax cuts are not the best ways to create jobs. He was helped by low interest rates from Alan Greenspan's expansive monetary policy.

 

 

12
 Other One-Term Presidents
 
Photo: Getty Images

 

Presidents who only served one term had less time to create jobs. 

George H.W. Bush (1989-1993) added 2.9 million jobs, a 2.5 percent increase. He added $1.5 trillion to the debt, a 54 percent increase.

Gerald Ford (1974-1977) added 3.6 million jobs, a 4.2 percent increase. He inherited the 1973 recession from President Nixon. He added $224 billion to the U.S. debt, which was a 47 percent increase. 

 

 

13
 Donald J. Trump (2017 - 2021)
 
 Photo by Win McNamee/Getty Images

 

President Trump created 4.7 million jobs in his first two years. That's a 3.1 percent increase over the 152.2 million people working at the end of Obama's term. Trump passed the Tax Cuts and Jobs Act in 2017.

 

 

14
 Methodology
 
Getty Images

 

These numbers are taken from the household survey data collected by the Bureau of Labor Statistics. It counts the total number of people employed. That includes people who are self-employed, private household workers, and those who are temporarily on unpaid leave. 

You may also see sources that use the non-farm payroll business survey data, also collected by the Bureau of Labor Statistics. It does not include the self-employed or farm workers. It does count those under the age of 16. It also counts a person who holds two jobs as two employed persons. 

 

Methodology

The BLS publishes employment statistics for each month. The number of jobs added during each President's term was calculated by subtracting the total number of jobs when he entered office (the end of December) from the number of jobs when he left office (at the end of December).
 
 
ALSO FROM THE BALANCE TEAM
The Balance Small Business
 
The Balance Careers
 
 
The Balance is part of the Dotdash publishing family.

Edited by coorslite21
  • Like 1
  • Thanks 2
Link to comment
Share on other sites

Dishonorable mention, President Obama created 8.9 million part time mc donalds jobs. Large number of the jobs created were from the unemployed homeless picking up cans. Soooooo very sad. And the demwits here in California continue to creat jobs to hand out the hard working middle class's money to illegals, and people that dont wanna work. 

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

13 minutes ago, jg1 said:

Dishonorable mention, President Obama created 8.9 million part time mc donalds jobs. Large number of the jobs created were from the unemployed homeless picking up cans. Soooooo very sad. And the demwits here in California continue to creat jobs to hand out the hard working middle class's money to illegals, and people that dont wanna work. 

May I add. The reason for so many mc donalds jobs. Soooo many people were working those part time low paying jobs with no benefits only could afford the dollar menu with no time left in the day after both parents worked so hard all day with no time to cook dinner for their kids, while the illegals were handed out all the freebies. Sad, so very sad for our people.

Edited by jg1
  • Upvote 2
Link to comment
Share on other sites

5 hours ago, jg1 said:

Dishonorable mention, President Obama created 8.9 million part time mc donalds jobs. Large number of the jobs created were from the unemployed homeless picking up cans. Soooooo very sad. And the demwits here in California continue to creat jobs to hand out the hard working middle class's money to illegals, and people that dont wanna work. 

You keep thinking that

  • Like 1
  • Downvote 3
Link to comment
Share on other sites

13 hours ago, ladyGrace'sDaddy said:

No we're not going to hate. We recognize it for the garbage it is. Not worth even reading since you don't know how to paste it.

That’s the whole point All Trump cult members look as fact as garbage when the FACTS are against him.....keep putting your head in the sand. I love it.

  • Haha 1
  • Upvote 1
  • Downvote 5
Link to comment
Share on other sites

155,215,000: Record Number of Americans Employed

By Susan Jones | March 9, 2018 | 8:42 AM EST
 

 

(CNSNews.com) - The number of employed Americans has now broken eight records, most recently in February, since President Donald Trump took office.

155,215,000 Americans were employed in February, 785,000 more than last month’s record 154,430,000, the Bureau of Labor Statistics reported on Friday.

The number of employed Black Americans hit a record high of 19,087,000 last month, and a record 72,530,000 women 16 and older were counted as employed.

The labor force participation rate increased three-tenths of a point, and the nation’s unemployment rate remained at a low 4.1 percent for a fifth straight month.

To put the unemployment rate in perspective, the last time we saw rates this low, Bill Clinton was president. In the final four months of 2000 -- Clinton's final full year in office -- the unemployment rate was 3.9 percent, and it dipped to a Clinton-era low of 3.8 percent for one month only, in April 2000.

During Richard Nixon's term, the unemployment rate dropped to 3.4 percent at various times in 1968 and 1969, the lowest it had been since 1953. 

Other findings:

-- The economy added a whopping 313,000 jobs in February. BLS said after revisions, job gains have averaged 242,000 over the last 3 months.

-- Wages continue to rise: In February, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $26.75, following a 7-cent gain in January. Over the year, average hourly earnings have increased by 68 cents, or 2.6 percent.

-- The number of Americans not in the labor force, meaning they are not working or looking for work, remained stubbornly high at 95,012,000. This group includes a growing number of retirees as well as people who are going to school or who choose not to work for other reasons.

In February, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 256,934,000. Of those, 161,921,000 participated in the labor force by either holding a job or actively seeking one.

The 161,921,000 who participated in the labor force equaled 63.0 percent of the 256,934,000 civilian noninstitutionalized population.

The labor force participation rate has been stuck at or near the 62-63 percent level for the past four years.

Federal Reserve Board Chairman Jerome Powell told Congress last month that although the labor force participation rate has shown little movement, this is nevertheless a sign of job-market strength, "given that retiring baby-boomers are putting downward pressure on the participation rate."

Among the major worker groups, the unemployment rate for Blacks declined to 6.9 percent in February, close to the record low of 6.8 percent set in December 2017. The jobless rates for adult men (3.7 percent), adult women (3.8 percent), teenagers (14.4 percent), Whites (3.7 percent), Asians (2.9 percent), and Hispanics (4.9 percent) showed little change.

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.