Category Archives: The Presidential Scorecard©

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%)

 

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

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.

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

A Critical Eye on Obama’s Jobs and Unemployment Record

Barack Obama claims he has created 8,302,000 new jobs through January 2016.

As he leaves office in January 2017, he will likely proclaim that his administration has practically achieved full employment, which is defined in the 3% range. And he’ll likely paint a rosy picture that under his management, the economy is in full recovery mode.

That is as far from reality as one can get inside the Washington beltway bubble and mindset.

The numbers, when viewed as a whole, do not support his claim, especially in light of the loss of 12.017 million jobs lost during the Bush and Obama years according the the Bureau of Labor Statistics (BLS).

And the majority of jobs that have been created are low-wage, not the good-paying jobs that were lost. In the U.S., jobs paying between $14 and $21 per hour made up about 60% those lost during the recession, but such mid-wage jobs have comprised only about 27% of jobs gained during the recovery through mid-2012. In contrast, lower-paying jobs constituted about 58% of the jobs regained.

NetChangeinOccupationalEmployment

Source: NELP

 

Continue reading A Critical Eye on Obama’s Jobs and Unemployment Record

The Presidential Scorecard©: Truman to Obama

When the monthly jobs report comes out and it says 4.9% unemployment, everyone should remember there is more to the story.

For example, between Bush & Obama there are over 12 million jobs lost; Hoover lost 6.4 million.  Hoover’s was the Great Depression; Bush & Obama call it a recession.

With that in mind, the New Deal Progressives (NDP) has created The Presidential Scorecard© in March 2016 which will compare the current and historical performance for different aspects  of U.S. presidents.

 

TRUMAN TO OBAMA: THE PRESIDENTIAL SCORECARD©
PresidentYEARSJOBS CREATEDJOBS LOSTNET JOBSAVERAGE U-3AVERAGE LABOR PARTICIPATION RATENOT IN LABOR FORCE AT END OF TERM AVERAGE DISCOURAGED WORKERSAVERAGE MARGINALLY ATTACHED WORKERS
TRUMAN1949 - 1952+8,357,000-3,222,000+5,135,0004.4%
EISENHOWER1953 - 1960+10,142,000-6,562,000+3,580,0004.9%
JFK / LBJ1961 - 1964+6,067,000-390,000+5,677,0005.8%
LBJ1965 - 1968+9,983,000-158,000+9,825,0003.9%
NIXON1969 - 1972+7,404,000-1,380,000+6,024,0005.0%
NIXON / FORD1972 -1976+7,473,000-2,295,000+5,178,0006.7%
CARTER1977 - 1980+11,714,000-1,219,000+10,495,0006.5%63.2%61,531,000
REAGAN1981 - 1988+19,273,000-3,310,000+15,963,0007.5%64.7%62,780,000
GHW BUSH1989 - 1992+4,372,000-1,782,000+2,590,0006.3%66.4%65.780,000
CLINTON1993 - 2000+23,420,000-185,000+23,235,0005.2%66.8%70,488,000359,0008.8%
GW BUSH2001 - 2008+8,702,000-6,589,000+2,113,0005.3%66.2%80,380,000408,0009.2%
OBAMA2009 - 2015 (so far)+13,730,000-5,428,000+8,302,0007.8%63.8%94,103,000873,00014.3%
Source: BLS JOBSSource: BLS U-3Source: BLS LABOR PARTICIPATION RATE
Source: BLS NOT IN LABOR FORCE
Source: BLS DISCOURAGED WORKERS
Source: BLS MARGINALLY ATTACHED WORKERS

 

 


The rest of the story (along with the BLS detailed, summarized, and averaged data sources), is here.