On that note...author says that last 33 months of last admin had more jobs created than first 33 months of this admin. The last admin always said that they inherited a recession. We were barely, squeaking(maybe), out of one with this one as people and businesses finally started to adjust to the last admin’s disastrous rules. If I’m not mistaken, a significant portion of the jobs gained during the last admin were part time and they used some fuzzy math to arrive at some of their numbers.
I’d also like to see how many jobs were LOST, in the first 63 months of the previous administration. Especially when the last occupant proudly stated that “those manufacturing jobs aren’t coming back”, when in fact some have and more continue to do so.
Figures don’t lie, but liars figure. It’s all in how you push the numbers.
President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That’s compared to 143.4 million working at the end of the Bush administration.
But that doesn’t give the total picture. The economy lost 8.5 million jobs as a result of the 2008 financial crisis. It kept shedding them until December 2009. Since that low point, Obama created 16 million jobs, a 11.6 percent increase. If measured that way, Obama was the third-largest job creator in terms of numbers.
Obama attacked the Great Recession with the American Recovery and Reinvestment Act. It created jobs through public works. Many of those jobs were in construction. That successfully reduced the unemployment rate. But that meant Obama increased the debt by $8.6 trillion, a 74 percent increase. That drove the debt-to-GDP ratio to 104 percent.
President Reagan added 16.5 million jobs during his eight-year term, a 16.5 percent increase. Reagan was the second-largest job creator both number-wise and percentage-wise. There were 116.1 million people working in December 1988 compared to 99.6 million in December 1980.
Reagan responded to the 1981 recession with Reaganomics. This was expansive fiscal policy based on supply-side economics. Reagan cut the top income tax rate from 70 percent to 28 percent. He also cut the top corporate tax rate from 48 percent to 34 percent.
President Trump created 4.7 million jobs in his first two years. That’s a 3.1 percent increase over the 152.2 million people working at the end of Obama’s term. Trump passed the Tax Cuts and Jobs Act in 2017. (Note: That’s 2 years vs Obummer’s 8 years. Not apples vs apples)
https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218
And, let’s not forget, the market responded to President Trump’s election almost immediately after the election, creating fake better numbers for his predecessor.
If you had employees working over 30 hours a work you had to provide health insurance, so the university I work at started limiting student workers to 20 hours, way overkill just because of Obamacare, and it was like that all over the country, public and government employers...
There were some people and economists who said part time jobs were great, because you could spend more time with your family that way...
In real life, there was a lot of pain from people not getting enough hours to get by well!!