Something I'm seeing quite often in the news media, YouTube and ATS is the huge credit given to President Trump for the low unemployment numbers.
While the president should get credit for the numbers, I believe a large amount should be given to President Obama as well. Every time I hear someone
praise President Trump solely for the low numbers it drives me crazy because I can't see what they're seeing. I collected some numbers from the US
Bureau of Labor Statistics and can only conclude the following
1. At the start of President Obama second term unemployment was at 7.9% and at the end of his presidency it was 4.7%. That is a drop of 3.2%
2. At the start of President Trump first term unemployment was at 4.8% and at the end of December 2019 it was at 3.5%. That is a drop of 1.3%
3. The last 3 years of President Obama presidency he created a total of 7,517,000
4. The first 3 years of President Trump presidency he created a total of 6,366,000
Notes:
1. I didn't include Obama first term as he felt it inherited a recession
2. I didn't include Trump 2020 numbers as the spike is due to the corona virus and it wouldn't be fair
Summary:
The way I see it, both Obama and Trump should be given equal credit for the great economy. If you look at the numbers you can see that its pretty much
a steady decrease from Obama and into Trump. Also, if you at the average of jobs created, you see that not much changed between Obama and Trump. To
me, it looks like a continuation with no serious improvements. The analogy that comes to mind is President Obama standing at the top of a hill and
dropped a ball (unemployment numbers). The ball keeps rolling down and Trump walks by and see's the ball rolling down and gives it a kick as well. Am
I missing something, please let me know what I'm missing. We need to have more civil discussion as the country is heavily divided due to the passion
we have for our candidates. Can we agree that both Obama and Trump created the economy?
U.S. Bureau of Labor Statistics
January 2013: increased by 157,000. Unemployment at 7.9 percent
February 2013: increased by 236,000. Unemployment at 7.7 percent
March 2013: increased by 88,000. Unemployment at 7.6 percent
April 2013: increased by 165,000. Unemployment at 7.5 percent
May 2013: increased by 175,000. Unemployment at 7.6 percent
June 2013: increased by 195,000. Unemployment at 7.6 percent
July 2013: increased by 162,000. Unemployment to 7.4 percent
August 2013: increased by 169,000. Unemployment at 7.3 percent
September 2013: increased by 148,000. Unemployment at 7.2 percent
October 2013: increased by 204,000. Unemployment at 7.3 percent
November 2013: increased by 203,000. Unemployment at 7.0 percent
December 2013: increased by 74,000. Unemployment at 6.7 percent
January 2014: increased by 113,000. Unemployment at 6.6 percent
February 2014: increased by 175,000. Unemployment at 6.7 percent
March 2014: increased by 192,000. Unemployment at 6.7 percent
April 2014: increased by 288,000. Unemployment at 6.3 percent
May 2014: increased by 217,000. Unemployment at 6.3 percent
June 2014: increased by 288,000. Unemployment at 6.1 percent
July 2014: increased by 209,000. Unemployment at 6.2 percent
August 2014: increased by 142,000. Unemployment at 6.1 percent
September 2014: increased by 248,000. Unemployment at 5.9 percent
October 2014: increased by 214,000. Unemployment at 5.8 percent
November 2014: increased by 321,000. Unemployment at 5.8 percent
December 2014: increased by 252,000. Unemployment at 5.6 percent
January 2015: increased by 257,000. Unemployment at 5.7 percent
February 2015: increased by 295,000. Unemployment at 5.5 percent
March 2015: increased by 126,000. Unemployment at 5.5 percent
April 2015: increased by 223,000. Unemployment at 5.4 percent
May 2015: increased by 280,000. Unemployment at 5.5 percent
June 2015: increased by 223,000. Unemployment at 5.3 percent
July 2015: increased by 215,000. Unemployment at 5.3 percent
August 2015: increased by 173,000. Unemployment at 5.1 percent
September 2015: increased by 142,000. Unemployment at 5.1 percent
October 2015: increased by 271,000. Unemployment at 5.0 percent
November 2015: increased by 211,000. Unemployment at 5.0 percent
December 2015: increased by 292,000. Unemployment at 5.0 percent
January 2016: Increased by 151,000. Unemployment at 4.9 percent
February 2016: increased by 242,000. Unemployment at 4.9 percent
March 2016: increased by 215,000. Unemployment at 5.0 percent
April 2016: increased by 160,000. Unemployment at 5.0 percent
May 2016: increased by 38,000. Unemployment at 4.7 percent
June 2016: increased by 287,000. Unemployment at 4.9 percent
July 2016: increased by 255,000. Unemployment at 4.9 percent
August 2016: increased by 151,000. Unemployment at 4.9 percent
September 2016: increased by 156,000. Unemployment at 5.0 percent
October 2016: increased by 161,000. Unemployment at 4.9 percent
November 2016: increased by 178,000. Unemployment at 4.6 percent
December 2016: Increased by 156,000. Unemployment at 4.7 percent
January 2017: increased by 227,000. Unemployment at 4.8 percent
February 2017: increased by 235,000. Unemployment at 4.7 percent
March 2017: increased by 98,000. Unemployment at 4.5 percent
April 2017: increased by 211,000. Unemployment at 4.4 percent
May 2017: increased by 138,000. Unemployment at 4.3 percent
June 2017: increased by 222,000. Unemployment at 4.4 percent
July 2017: increased by 209,000. Unemployment at 4.3 percent
August 2017: increased by 156,000. Unemployment at 4.4 percent
September 2017: decreased by -33,000. Unemployment at 4.2 percent
October 2017: increased by 261,000. Unemployment edged at 4.1 percent
November 2017: increased by 228,000. Unemployment at 4.1 percent
December 2017: increased by 148,000. Unemployment at 4.1 percent
January 2018: increased by 200,000. Unemployment at 4.1 percent
February 2018: increased by 313,000. Unemployment at 4.1 percent
March 2018: increased by 103,000. Unemployment at 4.1 percent
April 2018: increased by 164,000. Unemployment at 3.9 percent
May 2018: increased by 223,000. Unemployment at 3.8 percent
June 2018: increased by 213,000. Unemployment at 4.0 percent
July 2018: increased by 157,000. Unemployment at 3.9 percent
August 2018: increased by 201,000. Unemployment at 3.9 percent
September 2018: increased by 134,000. Unemployment at 3.7 percent
October 2018: increased by 250,000. Unemployment at 3.7 percent
November 2018: increased by 155,000. Unemployment at 3.7 percent
December 2018: increased by 312,000. Unemployment at 3.9 percent
January 2019: increased by 304,000. Unemployment at 4.0 percent
February 2019: increased by 20,000. Unemployment at 3.8 percent
March 2019: increased by 196,000. Unemployment at 3.8 percent
April 2019: increased by 263,000. Unemployment at 3.6 percent
May 2019: increased by 75,000. Unemployment at 3.6 percent
June 2019: increased by 224,000. Unemployment at 3.7 percent
July 2019: increased by 164,000. Unemployment at 3.7 percent
August 2019: Increased by 130,000. Unemployment at 3.7 percent
September 2019: Increased by 136,000. Unemployment at 3.5 percent
October 2019: increased by 128,000. Unemployment at 3.6 percent
November 2019: increased by 266,000. Unemployment at 3.5 percent
December 2019: Increased by 145,000. Unemployment at 3.5 percent