Friday, August 5, 2016

JOBS BY PRESIDENT - JULY 2016 REPORT

The preliminary July jobs report looks very good with 255,000 new jobs after June with 292,000 new jobs.  In the figure below, it is seen that most of the previous presidents have increased employ with the same slope.  The slope in increasing employment in the Obama administration was the same as Clinton, Reagan, and Carter, but his presidency started from a lower level.  The difference is in the base from which employment started to rise.  Thus Clinton added the most jobs because he uniquely never had a recession!

The exceptions are George Bush (Bush-43),who had employment tail off near the end of his term as we headed into the financial Armageddon (Great Recession) and his father G. H. W. Bush (Bush 41) who never got traction in increasing jobs.


(click on figure to enlarge)

http://www.cnbc.com/2016/08/05/charts-whats-the-real-unemployment-rate.html

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