The Presidential Scorecard©: Job Creation, Unemployment, Not in Labor Force, GDP

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

 

Average Job Creation (1939 – 2015):

Jobs-Created
Note: Click image to open full size image in a new tab

Source: BLS

Best Jobs Gains (Net job gains after losses):

  • Clinton (23.235 million)
  • Reagan (15.963 million)
  • Roosevelt (11.938 million) (partial data)
  • Carter (10.495 million)

Worst Job Losses:

  • GW Bush (6.589 million)
  • Eisenhower (6.562 million)
  • Obama (5.428 million) (partial data through 2015)
  • Truman (4.904 million) (Note: WWII vets returning home)

 

Average Unemployment (1949 – 2015):

Unemployment-Rate
Note: Click image to open full size image in a new tab

Source: BLS

Lowest unemployment:

  • Johnson (3.9%)
  • Truman (4.4%)
  • Eisenhower (4.9%)
  • Nixon (5.0%)

Highest unemployment:

  • Obama  (7.8%) (partial data through 2015)
  • Reagan (7.5%)
  • Nixon-Ford (6.7%)
  • Carter (6.5%)

 

Average Not in Labor Force (1975 – 2015):

Not-in-Labor-Force
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Source: BLS

Highest:

  • Obama (87.981 million) (partial data through 2015)
  • GW Bush (75.887 million)
  • Clinton (67.133 million)

Lowest:

  • Ford (59.691 million)
  • Carter (60.101 million)
  • Reagan (62.544 million)

 

Before 1993, the Not in the Labor Force numbers stayed fairly consistent.  After 1993, the Not in the Labor Force numbers increased significantly while unemployment stayed lower than it should.

 

Average GDP (1930 – 2015):

GDP
Note: Click image to open full size image in a new tab

Source: BEA

Best performance:

  • Roosevelt (9.3%)
  • Johnson (5.2%)
  • Truman (5.1%)

Worst performance:

  • Hoover (-9.3%) (partial data)
  • Roosevelt – Truman (-2.4%) (Note: WWII vets returning home)
  • Obama (1.4%) (partial data through 2015)

 

Obama is the first president since Hoover that does not have one year during their term where GDP growth was 3%.

 

NDP Note:  Read more on The Presidential Scorecard©