Search results
Results From The WOW.Com Content Network
Republicans 24 million, Democrats 42 million." Commenting on his statement, The Economist reported that the difference increased by 5 million thereafter under Barack Obama by 2014. [2] From April 1945 to August 2023, of the 115 million net jobs added, 83 million (72%) were under Democrats and 32 million (28%) were under Republicans. [8]
Among the presidents from Jimmy Carter to Donald Trump, Bill Clinton created the most jobs at 18.6 million, while Ronald Reagan had the largest cumulative percentage increase in jobs at 15.6%. This computation treats the base month as the December before the month of inauguration and last month as December of the final full year in office. [ 2 ]
U.S. real GDP growth under Trump was substantially below that achieved by other presidents. [240] Trump presided over the slowest economic growth of any U.S. president since the Second World War, partly due to the COVID-19 pandemic that triggered a brief recession and a 2.2% decline in real GDP growth in his last year.
Presidents who can claim record job growth include Bill Clinton, who added the greatest number of jobs with 18.6 million added between 1993 and 2001, and Franklin D. Roosevelt, who has the largest ...
Under Obama, from 2013 through 2016, real GDP growth averaged 2.5% per quarter. Under Trump, during the three years before COVID hit, it averaged 2.8%. Including COVID, GDP growth under Trump ...
Before Trump entered office, for example, the Congressional Budget Office (CBO) estimated that budget deficits from 2017-2027 would total $10 trillion—a figure based on existing spending ...
But Obama was able to hand to his successor, Trump, an unemployment rate that had been cut in half, “below the historical norm,” and an economy that had added 11.6 million net jobs.
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.