CHART: Bush Vs. Obama On Private And Public Sector Job Creation
Even with todayâs disappointing and troubling jobs report, private sector job creation under President Obama has far exceeded private sector job creation under President Bush. 40 months into his presidential term, there are currently more private sector jobs in the economy than when Obama came into office. At the same point in President Bushâs term, the total number of private sector jobs was still down 1.7 percent from where it began.
The numbers are even starker when measuring each presidentâs record from the moment job creation returned. Private sector job creation returned in February of 2010, the 13th month of President Obamaâs term. Since then, the economy has added 4.3 million private sector jobs, a 4 percent increase.
Under President Bush, the economy stopped shedding private sector jobs in July of 2003, fully 30 months into his administration. From that point until May of 2004, the economy added just 1.5 million private sector jobs, an increase of only 1.4 percent.
But there is one area of job creation where President Bush clearly outshines President Obama: the public sector. Public sector employment is now down 608,000 workers since January 2009, a 2.7 percent decline. At the same point in President Bushâs term, public sector employment was up 3.7 percent. If, over the past 40 months, public sector employment had grown at the same pace as it did in President Bushâs first term, there would be 1.4 million additional people at work right now. Thatâd be enough to bring the unemployment rate down by nearly a full percentage point.
http://thinkprogress.org/economy/2012/06/01/493849/obama-bush-jobs-record/?mobile=nc
Even with todayâs disappointing and troubling jobs report, private sector job creation under President Obama has far exceeded private sector job creation under President Bush. 40 months into his presidential term, there are currently more private sector jobs in the economy than when Obama came into office. At the same point in President Bushâs term, the total number of private sector jobs was still down 1.7 percent from where it began.
The numbers are even starker when measuring each presidentâs record from the moment job creation returned. Private sector job creation returned in February of 2010, the 13th month of President Obamaâs term. Since then, the economy has added 4.3 million private sector jobs, a 4 percent increase.
Under President Bush, the economy stopped shedding private sector jobs in July of 2003, fully 30 months into his administration. From that point until May of 2004, the economy added just 1.5 million private sector jobs, an increase of only 1.4 percent.
But there is one area of job creation where President Bush clearly outshines President Obama: the public sector. Public sector employment is now down 608,000 workers since January 2009, a 2.7 percent decline. At the same point in President Bushâs term, public sector employment was up 3.7 percent. If, over the past 40 months, public sector employment had grown at the same pace as it did in President Bushâs first term, there would be 1.4 million additional people at work right now. Thatâd be enough to bring the unemployment rate down by nearly a full percentage point.
http://thinkprogress.org/economy/2012/06/01/493849/obama-bush-jobs-record/?mobile=nc