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For example, for President Obama, the computation takes the 145.815 million jobs of February 2017 and subtracts the 133.312 million jobs of February 2009 to arrive at the 12.503 million figure. Four of the top five presidents in terms of total jobs added were Democrats.
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] Economists Alan Blinder and Mark Watson estimated job growth at 2.6% annually for Democratic presidents, about 2.2 times faster than the 1.2% for Republican presidents, for the 1949–2012 ...
Official statistics show that significantly more manufacturing jobs were lost during the presidencies of George W. Bush (4.54 million), George H.W. Bush (1.27 million), Dwight D. Eisenhower (1.2 ...
It was in the spring of 1994 where GDP growth surged and the number of jobs created (3.85 million) set a record that has yet to be surpassed as of 2015. But 1995 would bring a pause in economic growth, primarily because the Federal Reserve raised interest rates from 3% to 6% beginning in late 1994 to prevent inflation from rising after such ...
In the October report, the BLS estimated that 254,000 jobs were created in September, but that number could vary by as much as 130,000. The actual number of jobs added could be as high as nearly ...
On this day in 2000, the Supreme Court ruled in the Bush v. Gore case. Here's what the landmark 5-4 decision means for today's Electoral College.
The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.
Four years later, all of the lost jobs have been recovered and 7 million more created. The high inflation that struck during the recovery is back down and near prepandemic levels, and unemployment ...