Here's What Job Creation Looked Like Under The Last 6 Presidents

[xchrom]

http://www.businessinsider.com/job-creation-under-the-last-6-presidents-2014-4

***SNIP

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.



***SNIP

A big difference between the presidencies has been public sector employment. Note the bumps in public sector employment due to the decennial Census in 1980, 1990, 2000, and 2010.



The public sector grew during Mr. Carter's term (up 1,304,000), during Mr. Reagan's terms (up 1,414,000), during Mr. G.H.W. Bush's term (up 1,127,000), during Mr. Clinton's terms (up 1,934,000), and during Mr. G.W. Bush's terms (up 1,744,000 jobs).

However the public sector has declined significantly since Mr. Obama took office (down 738,000 jobs). These job losses have mostly been at the state and local level, but more recently at the Federal level. This has been a significant drag on overall employment.



Read more: http://www.calculatedriskblog.com/2014/04/public-and-private-sector-payroll-jobs.html#ixzz2y1EV6Xm5

[Autumn]

1. Interesting snap shots.

Except for a dip in Reagans his is similar to Clintons. It seemed to me the whole time Reagan was in office jobs were hard to come by and it only picked up when Bush the elder got in office.

[Lasher]

2. That was on account of military spending during Reagan.

Reagan's tax cuts and military spending tripled the national debt. I think those jobs came from that spending. Poppy Bush cut military spending.

[Autumn]

3. You must be right. All I know is jobs were hard to come by.

A dishwasher position had over 300 applicants in one town.

[BuelahWitch]

4. Yes, I remember that too

The twelve years of Reagan/Bush were hard on the company I worked for. I managed to survive the layoffs, but family and friends working there did not.

[Autumn]

6. The Reagan years were devastating, the elder Bush years sucked a little less.

The Clinton years were golden for me in terms of raises and promotions. In 2008 I lost almost half my 401K, had to leave my job to relocate due to Husbands health, looked for 3 years for another with no success so I finally gave up and mooch off my Husband

[VanillaRhapsody]

7. EXACTLY!

[ProSense]

5. Interesting charts.

The first shows the depth of the recession Obama inherited, including the more than 4 million jobs lost in the last 12 months of Bush.

It shows that all the other Presidents inherited a job market on an upward trend. The recession during Reagan's Presidency happened on his watch.

It also shows how long it took Bush II to dig out of a recession before plunging the country into a more severe recession.

The public sector losses are classic Republican sabotage. If public sector jobs had kept pace, these likely would have added more than a million jobs and lowered the unemployment rate at least one or two points.

Accounting for the losses under BUsh, the more than 8 million jobs created during the Obama administration have brought the jobs back to near break even.

March Employment Report: 192,000 Jobs, 6.7% Unemployment Rate

by Bill McBride

From the BLS:

Total nonfarm payroll employment rose by 192,000 in March, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today.
...
The change in total nonfarm payroll employment for January was revised from +129,000 to +144,000, and the change for February was revised from +175,000 to +197,000. With these revisions, employment gains in January and February were 37,000 higher than previously reported.

The headline number was below expectations of 206,000 payroll jobs added.

The first graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. The dotted line is ex-Census hiring.



This shows the depth of the recent employment recession - worse than any other post-war recession - and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis.

Employment is 0.3% below the pre-recession peak (437 thousand fewer total jobs). Private employment is now above the pre-recession peak by 110 thousand and at a new all time high.

- more -

http://www.calculatedriskblog.com/2014/04/march-employment-report-192000-jobs-67.html

<...>

All told, over the last 12 months, the U.S. economy has added over 2.24 million jobs overall and 2.26 million in the private sector. What’s more, March was the 49th consecutive month in which we’ve seen private-sector job growth.

- more -

http://www.msnbc.com/rachel-maddow-show/job-market-continues-show-signs-life

[gratuitous]

8. The newsreader knuckleheads last night

Last night, in a report on the disappointing report of 192,000 jobs added in March (200,000 were projected by someone somewhere), they had a quick clip of an administration official saying it represented 48 consecutive months of job growth. That was followed by the reporter noting how disappointing the disappointing numbers were and how "some critics" were blaming the usual suspects (i.e., that blah fellow in the Oval Office) for the lagging economy.

The first thought that sprang to my mind was, "Well compared to the job growth numbers under the Dim Son, this number is stratospheric." Now, looking at the charts, I will point out Bush the Stupider's anemic numbers, which weren't helped at all by the addition of more than 1.5 million public sector jobs. But look at job growth under Obama, and the fact that public sector jobs have shrunk by more than 500,000. What sort of boost might our unemployment picture have if we added public sector jobs at even half the rate they were added under G.W. Bush?

Anyone want to hazard a guess at whether your wait at the DMV would be a little shorter, or if you could get a clerk on the line when you call Social Security in less than 20 minutes if agencies were fully staffed? Thanks a lot, Republicans. Your stubborn refusal to do your job of governing the country is ruining us. But I sure hope none of the Democrats running for office in November are so gauche as to point that out.

[BuelahWitch]

9. Not to mention the tremendous backlog at the VA

With all the people out of work, you'd think they could hire some to help with that. We're doing a disservice to our veterans and keeping our people from good paying jobs. But we can't, 'cause AUSTERITY is so much sexier!

[AlbertCat]

10. It's not like there isn't stuff that needs to be done.

Imagine if we had a infrastructure push....let it be government run..... with rules like you must use American companies, employees and supplies and materials.... to add to the mix.