Let’s just take some time and look at private sector jobs under Obama.
From Calculated Risk Blog:
| Term |
Private Sector
Jobs Added (000s) |
| Carter |
9,041 |
| Reagan 1 |
5,360 |
| Reagan 2 |
9,357 |
| GHW Bush |
1,510 |
| Clinton 1 |
10,885 |
| Clinton 2 |
10,070 |
| GW Bush 1 |
-844 |
| GW Bush 2 |
381 |
| Obama 1 |
2,018 |
| Obama 2 |
6,3221 |
| 128 months into 2nd term: 10,838 pace. |
The first graph shows the change in private sector payroll jobs from when each president took office until the end of their term(s). President George H.W. Bush only served one term, and President Obama is in the third year of his second term.
Mr. G.W. Bush (red) took office following the bursting of the stock market bubble, and left during the bursting of the housing bubble. Mr. Obama (blue) took office during the financial crisis and great recession. There was also a significant recession in the early ’80s right after Mr. Reagan (yellow) took office.
There was a recession towards the end of President G.H.W. Bush (purple) term, and Mr Clinton (light blue) served for eight years without a recession.
Click on graph for larger image.
The first graph is for private employment only.
The employment recovery during Mr. G.W. Bush’s (red) first term was sluggish, and private employment was down 844,000 jobs at the end of his first term. At the end of Mr. Bush’s second term, private employment was collapsing, and there were net 463,000 private sector jobs lost during Mr. Bush’s two terms.
Private sector employment increased slightly under President G.H.W. Bush (purple), with 1,510,000 private sector jobs added.
Private sector employment increased by 20,955,000 under President Clinton (light blue), by 14,717,000 under President Reagan (yellow), and 9,041,000 under President Carter (dashed green).
There were only 2,018,000 more private sector jobs at the end of Mr. Obama’s first term. Twenty eight months into Mr. Obama’s second term, there are now 8,340,000 more private sector jobs than when he initially took office. (more…)
