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With today’s #JobsReport, Donald Trump is all but guaranteed to be the first US President since the 1930’s to have a net LOSS of jobs added to US payrolls in the timespan of a four-year Presidential term.
Here are the rankings of the Presidential terms that have occurred over the past 55 years in terms of numbers of jobs added to US payrolls after 46 full months in office (February of Inauguration year until November of the next Election Year).
Trump currently ranks #14 out of 14
Trump currently ranks #14 out of 14
Millions of jobs added (or lost) by 46 full months in office, in millions.
(Source: http://bls.gov )
1) Clinton (02/1997-11/00) +11.193
2) Clinton (02/1993-11/96) +11.167
3) Reagan (02/1985-11/88) +10.245
4) Carter (02/1977-11/80) +10.057
5) Obama (02/2012-11/16) +9.949
(Source: http://bls.gov )
1) Clinton (02/1997-11/00) +11.193
2) Clinton (02/1993-11/96) +11.167
3) Reagan (02/1985-11/88) +10.245
4) Carter (02/1977-11/80) +10.057
5) Obama (02/2012-11/16) +9.949
Jobs gained/lost (in millions):
6) Johnson (02/1965-11/68) +9.402
7) Nixon (02/1969-11/72) +5.534
8) Reagan (02/1981-11/84) +4.949
9) Nixon/Ford (02/1973-11/76) +4.623
10) Bush (02/2005-11/08) +2.771
11) Bush (02/1989-11/92) +2.111
12) Obama (02/2009-11/12) +778
6) Johnson (02/1965-11/68) +9.402
7) Nixon (02/1969-11/72) +5.534
8) Reagan (02/1981-11/84) +4.949
9) Nixon/Ford (02/1973-11/76) +4.623
10) Bush (02/2005-11/08) +2.771
11) Bush (02/1989-11/92) +2.111
12) Obama (02/2009-11/12) +778
Jobs gained/lost (in millions):
13) Bush (02/2001-11/04) -0.195
14) Trump (02/2017-11/20) -2.998
So Trump has overseen the loss of 2.998 million jobs in the 46 full months since he took office. Worse than any other President over at least the past 55 years.
13) Bush (02/2001-11/04) -0.195
14) Trump (02/2017-11/20) -2.998
So Trump has overseen the loss of 2.998 million jobs in the 46 full months since he took office. Worse than any other President over at least the past 55 years.
Unless the US economy somehow results in 2.998 million jobs getting added to US payrolls in the next two months, which it almost certainly won’t, Trump is going to end up being the only President in many decades to lose jobs during a four-year term.
President Bush had negative job growth at the 46 month mark between 02/2001 and 11/2004. But America had only lost 195,000 jobs during that period (compared to the 2.998 mil we’ve lost under Trump). Bush ended up having a net job growth of 76,000 by the time his first term ended.
Trump defenders will cite the impact of the pandemic, which absolutely was a major factor in Trump being last (but, on the other hand, many would argue that his handling of the pandemic has not helped).
However, even before COVID, Trump’s ranking on job creation was average.
However, even before COVID, Trump’s ranking on job creation was average.
If you run the same numbers based on all the job reports from February of 2017 through January of 2020, before the impact of COVID had affected the US economy, you’ll see that Trump at that point ranked #7 out of the last 14 Presidential terms. Which is statistically average.
The point being, when Trump or his surrogates say that he created the “best economy ever” or the “most jobs ever,” this is factually false according to his Administration’s own numbers. Before COVID, his job numbers ranked average. Since then, they rank worst.
