A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Of 66 mil jobs created in last 50 years

Posted: Sep 6, 2012

nm;

Where did you get this tidbit of information? DWS? - nm

jobs - sm

[ In Reply To ..]
I'd be curious to see what kind of jobs. I mean, are they medium to high-paying jobs that can sustain a family or are they lower-paying or temporary jobs (like the census workers). Can you direct me to the site where you got the info? Thanks :-)

Notice it did not state these were in the US.... - anon

[ In Reply To ..]
these are probably "global" jobs, and primarily in China, India, and such...all of the jobs that came from the US and went overseas for having to pay less wage and pay less in taxes.

So how much outsourcing was there between - 1962 and 1992?

[ In Reply To ..]
the first 30 years of the time frame?

Here are some details supporting the claim. - Politifact

[ In Reply To ..]
Are Democratic presidents better than Republican presidents at job creation? Former President Bill Clinton said so -- forcefully -- in his speech to the Democratic National Convention in Charlotte.

"Since 1961, for 52 years now, the Republicans have held the White House 28 years, the Democrats 24," Clinton said. "In those 52 years, our private economy has produced 66 million private-sector jobs. So what's the jobs score? Republicans 24 million, Democrats 42 (million)." In the packed convention hall, it was one of the night’s biggest applause lines.

In 2010, we checked a similar claim from Rep. Carolyn Maloney, D-N.Y., who said that Democratic presidents "have been considerably more effective at creating private-sector jobs." After crunching the numbers back to President Harry Truman, we found that jobs did indeed grow faster under Democratic presidents when adjusted for a president’s years served in office. So we rated the claim True.

Clinton’s claim at the convention was worded differently, so we quickly re-crunched the numbers based on his specifications.

Let’s cut to the chase. According to the Bureau of Labor Statistics, here are the net increases in private-sector employment under each president, chronologically by party:

Republicans

Richard Nixon: Increase of 7.1 million jobs
Gerald Ford: Increase of 1.3 million jobs
Ronald Reagan: Increase of 14.7 million jobs
George H.W. Bush: Increase of 1.5 million jobs
George W. Bush: Decline of 646,000 jobs

Total: Increase of 23.9 million jobs under Republican presidents

Democrats

John F. Kennedy: Increase of 2.7 million jobs
Lyndon B. Johnson: Increase of 9.5 million jobs
Jimmy Carter: Increase of 9.0 million jobs
Bill Clinton: Increase of 20.8 million jobs
Barack Obama: Increase of 332,000 jobs

Total: Increase of 42.3 million jobs.

So Clinton is right. But we’ll bring up a few points worth noting.

This does not include government jobs

The combination of private-sector jobs and public-sector jobs is a broader measurement of job creation than private-sector alone. But excluding government jobs would presumably hurt Democrats more than Republicans, given the two parties’ historical stances toward the role of government. The fact that Democrats finished so far ahead despite taking government jobs off the table makes it a more impressive accomplishment.

The Democrats didn’t benefit from population growth

For our previous story, Brookings Institution economist Gary Burtless calculated that the U.S. working-age population actually grew slightly faster under Republican presidents, also making the Democratic accomplishment more impressive.

Presidents deserves less credit for the good times and less blame for the bad times

It's a truism of politics that when things go well, the president generally gets too much credit, and when things don't go well, the president usually gets too much blame. Shouldn't the Republican Congress of 1995-2001 get a share of the credit for Clinton's robust job growth? Shouldn't the Democratic House that served under Reagan? Most experts would say yes and yes.

Since we published our previous story, we have changed our policy: We now factor into our ratings whether the politician or party deserves credit or blame for the statistical trend being analyzed. In this item, though, we will not factor in credit or blame, because both parties have had presidents serve during the time we looked at, meaning that both parties would have benefited and suffered in roughly equal proportions.

It’s unclear how much this finding says about our political and economic systems

Job creation for each president depended to a certain extent on timing, external factors and luck. And as Yale political scientist David Mayhew pointed out for our previous story, conclusions drawn from a relatively narrow data set -- in this case, just 12 postwar presidencies -- need to be taken with a grain of salt.

Our ruling

Clinton’s figures check out, and they also mirror the broader results we came up with two years ago. Partisans are free to interpret these findings as they wish, but on the numbers, Clinton’s right. We rate his claim True.

http://www.politifact.com/truth-o-meter/statements/2012/sep/06/bill-clinton/bill-clinton-says-democratic-presidents-top-republ/

Link to where the poster got the information is at the bottom of the post - Moderator

[ In Reply To ..]
nm

The enclosed figures show Dems consistently produced - more jobs over the last century. SM

[ In Reply To ..]
The graph didn't transfer, so a much more readable version is at the link below. As the writer notes, these figures have to be considered in context. Nevertheless, the record since early last century is that the Democratic presidents have unmistakably and CONSISTENTLY created more jobs than the Republican presidents. This goes to what the Democratic Party is about.

now do a count of the unemployment rates per each president - anon

[ In Reply To ..]
just counting how many jobs were created during these times is not enough. jobs come and go like sands through an hour glass. count the unemployment rates and that would be a better evaluator of any president. dem or repub.

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