Obama’s Job Creation: Lagging 6 of the Last 8 Presidents

The US economy has created 5.3 million jobs since President Obama’s inauguration in January of 2009 (although we’ve had 10.9 million jobs created since the economic bottom 57 months ago). Starting from Obama’s first month in office, with the country deep in recession, the labor market has come a long way to where it is now. Even still, the growth in non-farm payrolls during his administration lags behind that of most recent presidents.

via Josh Zumbrun of the Wall Street Journal:

Screen Shot 2014-12-06 at 5.50.19 PM

Of course, the economy is much larger today than it was 50 years ago, and so it’s also worth looking at the change in percentage terms. Here, too, Mr. Obama has passed the Bush and Ford presidencies. In percentage terms, he falls behind Mr. Kennedy. (In an earlier post, we looked at the previous eight periods of economic expansion. The current recovery ranks fifth out of eight in terms of total job creation, or sixth out of eight in percentage terms.)

Of course, presidents don’t deserve sole credit (or blame) for the job losses or gains during their time in office, but it is one of the key factors upon which they’re judged by history.

Source:

In Ranking Presidents by Job Creation, Obama Still Lags (WSJ)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. pinewswire commented on Sep 23

    … [Trackback]

    […] Here you will find 9495 additional Info to that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]

  2. rubber watch straps commented on Sep 26

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]

  3. bitcoin era commented on Oct 03

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]

  4. axiolabs suppliers commented on Oct 22

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]

  5. usa dumps shop commented on Nov 16

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]

  6. carpet cleaning service bedfordshire commented on Nov 30

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]

  7. Devops commented on Jan 12

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2014/12/07/obamas-job-creation-lagging-6-of-the-last-8-presidents/ […]