The Presidential Scorecard©: GDP (Gross Domestic Product) and Total Employment

In March I added The Presidential Scorecard© along with a look at the unemployment numbers and how they appear to be counted (or not counted).

 

The Presidential Scorecard©: Truman to Obama

A Critical Eye on Obama’s Jobs and Unemployment Record

 

This time I focused on GDP (from the BEA, the Bureau of Economic Analysis) and  total employment (from the BLS, the Bureau of Labor Statistics) for each president.

Here is the updated The Presidential Scorecard© (through 2015):

THE PRESIDENTIAL SCORECARD©: HOOVER TO OBAMA SUMMARY WITH TOTAL EMPLOYMENT & GDP

PRESIDENTYEARSAVERAGE NUMBER OF PEOPLE EMPLOYED DURING TERMJOBS CREATEDJOBS LOSTNET JOBSAVERAGE U-3AVERAGE LABOR PARTICIPATION RATENOT IN LABOR FORCE AT END OF TERMAVERAGE DISCOURAGED WORKERSAVERAGE MARGINALLY ATTACHED WORKERSGDP AVERAGE BY PRESIDENTIAL TERM
Sources:Source: BLSSource: BLSSource: BLSSource: BLSSource: BLSSource: BLSSource: BLSSource: BEA
HOOVER1929 - 1932-9.3% (* see note below)
ROOSEVELT1933 – 1944 37,417,000 (* see note below)9.3%
ROOSEVELT-TRUMAN1945 - 194842,773,000-2.4%
TRUMAN1949 - 195246,486,0008,357,0001,070,519,8245,135,0004.4%5.1%
EISENHOWER1953 - 196051,830,00010,142,0001,067,179,8243,580,0004.9%3.0%
KENNEDY-JOHNSON1961 - 196456,231,0006,067,0001,073,351,8245,677,0005.8%4.7%
JOHNSON1965 - 196864,716,0009,983,0001,073,583,8249,825,0003.9%5.2%
NIXON1969 - 197271,660,0007,404,0001,072,361,8246,024,0005.0%3.0%
NIXON / FORD1972 -197677,966,0007,473,0001,071,446,8245,178,0006.7%2.6%
CARTER1977 - 198087,474,00011,714,0001,072,522,82410,495,0006.5%63.2%61,531,0003.3%
REAGAN1981 - 198896,290,00019,273,0001,070,431,82415,963,0007.5%64.7%62,780,0003.5%
GHW BUSH1989 - 1992108,703,0004,372,0001,071,959,8242,590,0006.3%66.4%65.780,0002.3%
CLINTON1993 - 2000121,617,00023,420,0001,073,556,82423,235,0005.2%66.8%70,488,000359,0008.8%3.9%
GW BUSH2001 - 2008133,824,0008,702,0001,067,152,8242,113,0005.3%66.2%80,380,000408,0009.2%2.1%
OBAMA2009 - 2015 (so far)134,998,00013,730,0001,068,313,8248,302,0007.8%63.8%94,103,000873,00014.3%1.4%
* FDR: partial data starting in 1939* Hoover: partial data starting in 1930

 

GDP (Gross Domestic Product)

I took the detailed data from the BEA and averaged it by presidential term. The data is from 1930 – 2015, so data for Hoover’s term captures only 3 of 4 years of his term since his presidency was from 1929 – 1932.

With the exception of  Truman’s time from 1944 – 1948 where the GDP average was -2.4%(considerations include the end of WWII and troops returning home), Obama has had the weakest showing of any president since Hoover on the GDP.

Through 2015, Obama is the first president since Hoover who has not had a single year with the GDP being over 3%.  The two other presidents with the weakest GDP growth averages are GHW Bush (2.3%) and GW Bush (2.1%)

The three presidents lasix water pill online with the strongest GDP growth averages are Roosevelt (9.3%), Johnson (5.2%), and Truman (5.1%).

GDP by President ChartGo
Source: BEA      Note: BEA GDP data for Hoover is partial starting with 1930. (Right-click for larger image in new tab)

 

GDP Data for 1930-2015 from the BEA (Bureau of Economic Analysis)

PresidentYearGDP (%)Average GDP (%) for Term
* BEA data begins in 1930 , only 3/4's of Hoover's term in office is shownSource: Source: BEA
Hoover (*)1930-8.5
1931-6.4
1932-12.9-9.3
Roosevelt1933-1.3
193410.8
19358.9
193612.9
19375.1
1938-3.3
19398
19408.8
194117.7
194218.9
194317
194489.3
Roosevelt-Truman1945-1
1946-11.6
1947-1.1
19484.1-2.4
Truman1949-0.5
19508.7
19518.1
19524.15.1
Eisenhower19534.7
1954-0.6
19557.1
19562.1
19572.1
1958-0.7
19596.9
19602.63.0
Kennedy-Johnson19612.6
19626.1
19634.4
19645.84.7
Johnson19656.5
19666.6
19672.7
19684.95.2
Nixon-Ford19693.1
19700.2
19713.3
19725.2
19735.6
1974-0.5
1975-0.2
19765.42.8
Carter19774.6
19785.6
19793.2
1980-0.23.3
Reagan19812.6
1982-1.9
19834.6
19847.3
19854.2
19863.5
19873.5
19884.23.5
GHW Bush19893.7
19901.9
1991-0.1
19923.62.3
Clinton19932.7
19944
19952.7
19963.8
19974.5
19984.5
19994.7
20004.13.9
GW Bush20011
20021.8
20032.8
20043.8
20053.3
20062.7
20071.8
2008-0.32.1
Obama2009-2.8
20102.5
20111.6
20122.2
20131.5
20142.4
20152.41.4

Total Employment

I took the detailed data from the BLS and averaged it by presidential term.  The data is from 1939 – 2016, so I only averaged it through 2015, which means data for Roosevelt’s term (1933 – 1945) is partial.

As the chart shows, each president has noticeable growth on the labor force, except for Obama.

Once again, Obama has shown the weakest growth in adding people to the labor force with an average increase of 1,164,000 from GW Bush’s term (Obama:  134,988,000 compared to GW Bush: 133,824,000).

EMPLOYMENT by president ChartGo
Source: BLS  (Right-click for larger image in new tab)

 

BLS Total Employment - 1939-2016 (IN THOUSANDS)

PresidentYearJanFebMarAprMayJunJulAugSepOctNovDec Average People Employed During Term (IN THOUSANDS)
Source: BLS
Roosevelt193929,92330,10130,28030,09430,30030,50230,41930,66331,03231,40831,46931,539
194031,60331,71531,82631,70031,88031,97831,94232,35232,81033,26533,66834,172
194134,48034,84435,09435,46936,18236,65137,13737,54437,83537,94838,02438,104
194238,34738,51338,93639,35239,77240,02840,47140,98841,25541,51541,67341,915
194342,17242,39542,55342,64742,59642,78142,70142,54642,48542,67542,82042,746
194442,65542,54442,29242,06341,98541,94741,90541,85041,67241,70941,71241,86137,417 (NOTE: partial data for FDR)
Roosevelt-Truman194541,89741,90441,79641,44341,30441,14940,87340,46738,50038,59938,99739,112
194639,83239,25140,19340,90941,34941,73342,15342,64342,90943,09443,39743,379
194743,53943,56343,60643,49243,63843,80843,74343,95944,20144,41544,48744,579
194844,68244,53744,68144,37044,79545,03345,16045,17645,29545,25145,19445,02942,773
Truman194944,67144,50044,23844,23043,98243,73943,52943,62243,78442,95043,24543,517
195043,52843,29843,95244,37644,71845,08445,45446,18846,44246,71246,77846,855
195147,28847,57747,87147,85647,95348,06848,06248,00947,95548,00948,14848,309
195248,29848,52248,50448,61648,64548,28648,14448,92349,31949,59849,81650,16446,486
Eisenhower195350,14550,33950,47550,43250,49150,52250,53650,48750,36550,24249,90749,702
195449,46849,38249,15849,17848,96548,89648,83548,82548,88248,94449,17849,331
195549,49749,64449,96350,24750,51250,79050,98551,11151,26251,43151,59251,805
195651,97552,16752,29552,37552,50652,58451,95452,63052,60152,78152,82252,930
195752,88853,09753,15753,23853,14953,06653,12353,12652,93252,76552,55952,385
195852,07751,57651,30051,02750,91350,91251,03751,23151,50651,48651,94452,088
195952,48052,68753,01653,32053,54953,67953,80353,33453,42953,35953,63554,175
196054,27454,51354,45854,81254,47354,34754,30454,27154,22854,14453,96253,74451,830
Kennedy-Johnson196153,68353,55653,66253,62653,78553,97754,12354,29854,38854,52254,74354,871
196254,89155,18755,27655,60255,62755,64455,74655,83855,97756,04156,05656,028
196356,11656,23056,32256,58056,61656,65856,79456,91057,07757,28457,25557,360
196457,48757,75157,89857,92258,08958,22158,41358,61958,90358,79459,21759,42156,231
Johnson196559,58359,80060,00360,25960,49260,69060,96361,22861,49061,71861,99762,321
196662,52862,79663,19263,43663,71164,11064,30164,50764,64464,85465,01965,200
196765,40765,42865,53065,46765,61965,75065,88766,14266,16466,22566,70366,900
196866,80567,21567,29567,55567,65367,90468,12568,32868,48768,72068,98569,24664,716
Nixon196969,43869,70069,90570,07270,32870,63670,72971,00670,91771,12071,08771,240
197071,17671,30471,45271,34871,12371,02971,05370,93370,94870,51970,40970,790
197170,86670,80670,85971,03771,24771,25371,31571,37071,61771,64271,84672,108
197272,44572,65272,94573,16373,46773,76073,70874,13874,26374,67374,96775,27071,660
Nixon-Ford197375,62176,01776,28576,45576,64676,88776,91177,16677,27677,60677,91278,035
197478,10478,25478,29678,38278,54778,60278,63578,61978,61178,62978,26177,657
197577,29776,91976,64976,46176,62376,52076,76977,15577,23077,53577,68078,018
197678,50678,81779,04979,29279,31179,37679,54779,70479,89279,90580,23780,44877,966
Carter197780,69280,98881,39181,72982,08982,48882,83683,07483,53283,79484,17384,408
197884,59584,94885,46186,16386,50986,95187,20587,48187,61887,95488,39188,673
197988,81089,05489,48089,41889,79190,10990,21590,29790,32590,48290,57690,673
198090,80290,88290,99490,85090,41990,09989,83790,09790,21090,49190,74890,94387,474
Reagan198191,03791,10591,21091,28391,29391,49091,60291,56691,47991,38091,17190,893
198290,56790,56290,43290,15290,10789,86489,52289,36489,18388,90688,78388,769
198388,99388,91889,09089,36689,64390,02290,44090,13291,24791,51891,87192,227
198492,67393,15493,42993,79294,10094,47994,79295,03495,34495,63095,97996,107
198596,37396,49796,84397,03997,31397,45997,64997,84298,04598,23398,44298,609
198698,73498,84198,93599,12299,24999,15599,47399,58799,934100,120100,306100,511
1987100,683100,915101,164101,502101,728101,900102,247102,418102,646103,138103,370103,664
1988103,758104,211104,487104,732104,961105,324105,546105,670106,009106,277106,616106,90696,290
GHW Bush1989107,168107,426107,619107,792107,910108,026108,066108,115108,365108,476108,753108,849
1990109,184109,433109,647109,687109,838109,862109,830109,614109,525109,366109,216109,160
1991109,040108,735108,577108,366108,241108,338108,298108,308108,340108,357108,299108,325
1992108,377108,314108,368108,527108,653108,721108,792108,930108,966109,148109,284109,496108,703
Clinton1993109,805110,047109,998110,306110,572110,754111,055111,211111,451111,737112,000112,312
1994112,583112,783113,248113,598113,931114,246114,619114,901115,254115,467115,887116,164
1995116,488116,692116,913117,075117,060117,294117,390117,643117,887118,040118,189118,322
1996118,303118,735119,002119,165119,487119,774120,023120,202120,427120,677120,976121,147
1997121,381121,684122,000122,292122,552122,818123,124123,093123,605123,945124,251124,554
1998124,830125,026125,177125,457125,861126,080126,209126,551126,774126,973127,255127,601
1999127,727128,137128,244128,620128,831129,091129,417129,577129,791130,191130,484130,780
2000131,010131,140131,608131,895132,122132,075132,251132,241132,377132,363132,589132,731121,617
GW Bush2001132,705132,777132,752132,471132,433132,302132,190132,033131,793131,468131,175131,005
2002130,867130,733130,713130,634130,627130,684130,599130,585130,526130,652130,662130,505
2003130,597130,447130,238130,194130,186130,195130,219130,177130,281130,479130,496130,618
2004130,780130,826131,158131,407131,715131,791131,835131,956132,120132,466132,530132,660
2005132,794133,033133,169133,534133,708133,955134,331134,525134,593134,678135,015135,174
2006135,452135,768136,049136,232136,255136,337136,544136,725136,883136,887137,095137,266
2007137,506137,596137,785137,864138,007138,085138,052138,028138,116138,201138,316138,413
2008138,432138,346138,268138,058137,873137,708137,499137,233136,781136,308135,539134,844133,824
Obama2009134,053133,350132,527131,841131,490131,020130,691130,479130,260130,060130,053129,774
2010129,802129,733129,896130,139130,661130,528130,458130,424130,372130,629130,752130,840
2011130,882131,070131,295131,641131,714131,949132,019132,126132,372132,574132,720132,927
2012133,265133,522133,761133,836133,951134,038134,181134,371134,552134,684134,833135,076
2013135,266135,577135,712135,904136,122136,268136,408136,677136,862137,051137,342137,387
2014137,574137,742138,014138,324138,537138,843139,075139,293139,579139,779140,110140,402
2015140,623140,888140,972141,223141,496141,724142,001142,151142,300142,595142,875143,146
2016143,314143,547143,755143,915134,988

 

Draw your own conclusions (the data, charts, and links are included).

 

Miscellaneous

At least 12 million people were unemployed during the Great Depression

As of April 2016, 94,044 million are not in the labor force, a monthly increase of 564,000 and an increase of 810,000 the past year.   From the Economic Populist.

 

Credits

Charts provided by Chartgo
Tables provided by TablePress