A Look Back: Wall Street Journal on Presidential Jobs Track Record, from ’39 – ’09

Just in the case we need reminding.

And often, we do.

As Samuel Johnson once wrote, “Men more frequently require to be reminded than informed.”
Johnson: Rambler #2 (March 24, 1750)

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January 9, 2009, 12:04 PM ET

Bush On Jobs: The Worst Track Record On Record

By WSJ Staff

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton‘s administration and only slightly better than President George H.W. Bush did in his four years in office.

Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.

Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records. –Sudeep Reddy

The chart can be sorted by any of the following categories.
{Ed. note: The chart can be sorted ONLY on the URL of the story, not on this page.}

President	Jobs created	Jobs at end of term	Jobs at start of term	Payroll expansion	Jobs created per year in office	Population growth	Percent change in population
George W. Bush	3.0 million	135.5 million	132.5 million	2.3%	375,000	22.0 million	7.7%
Bill Clinton	23.1 million	132.5 million	109.4 million	21.1%	2,900,000	25.2 million	8.9%
George H.W. Bush	2.5 million	109.4 million	106.9 million	2.3%	625,000	12.5 million	4.8%
Ronald Reagan	16.0 million	106.9 million	90.9 million	17.6%	2,000,000	17.3 million	7%
Jimmy Carter	10.5 million	90.9 million	80.4 million	13.1%	2,600,000	9.8 million	4.3%
Gerald Ford	1.8 million	80.4 million	78.6 million	2.3%	745,000	5.1 million	2.3%
Richard Nixon	9.4 million	78.6 million	69.2 million	13.6%	1,700,000	12.3 million	5.7%
Lyndon Johnson	11.9 million	69.2 million	57.3 million	20.8%	2,300,000	11.3 million	5.6%
John F. Kennedy	3.6 million	57.3 million	53.7 million	6.7%	1,200,000	8.2 million	4.3%
Dwight Eisenhower	3.5 million	53.7 million	50.2 million	7%	438,000	23.3 million	12.8%
Harry Truman	8.4 million	50.2 million	41.8 million	20.1%	1,100,000	N/A	N/A

NOTE: Earlier version of this chart had transposed the headings on the Jobs at start of term and Jobs at end of term columns.

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http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/tab/print/