After Just One Year, Joe Biden Is Already Among The Top 10 Presidents For Job Creation
The December 2021 Jobs Report was good news for President Biden on several levels. First, unemployment fell to 3.9 percent, down from 4.2 percent in in November and 4.6 percent in October. Between January 2021 and December 2021, unemployment fell from 6.7 percent to 3.9 percent, or 42 percent, the largest single-year drop in unemployment in U.S. history. Unemployment was 3.4 percent before the pandemic, meaning that unemployment will likely reach its pre-pandemic levels this spring. Unemployment insurance claims hit a 50-year low for weeks straight.
The addition of more than 200,000 jobs means that President Biden created 6.4 million jobs in 2021, the highest number of jobs created by any president in any year in U.S. history. This makes him among the top 10 presidents for job creation in U.S. history: Calvin Coolidge created 7.1 million jobs, Harry S. Truman created 8.1 million, Richard Nixon created 9.2 million, Jimmy Carter created 10.4 million, Barack Obama created 11.6 million, Lyndon B. Johnson created 12.2 million, Ronald Reagan created 16.2 million, Franklin D. Roosevelt created 16.3 million, and Bill Clinton created 23.6 million. All of these numbers come from four to 13 years in office.
Those who point to the fact that the United States is still down 3.4 million jobs from before the pandemic ignore a critical fact: coronavirus is the deadliest event in the history of the United States. More than a million people are likely to be killed and millions more will be permanently disabled as a result of this virus. The United States is recovering at three times the rate it did from the Great Recession thanks to the American Rescue Plan Act, which sidestepped the critical mistake made by the 2009 Obama stimulus, which was not big enough to get the economy moving.
In any case, the United States added an average of nearly 550,000 jobs per month throughout the first year of the Biden administration. As many jobs were created in the first year of the Biden administration as the first three years of the Trump administration, before COVID hit. Some months have seen 900,000 jobs added, some months have seen 200,000 added: 550,000 is an average, people. If this average holds throughout the next year or two, President Biden will be among the top three presidents for job creation in just one term. That's unlikely. However, let's assume the numbers job experts keep calling "disappointing" or "dismal" hold true for the next three years: 250,000 multiplied by 36 months. That would equate to more than 15 million jobs when added to the 6.4 million already created.
Even in the worst of circumstances, President Biden is on track to create more jobs in one term than any president in history, which would put him among the top five presidents for job creation in just four years. If President Biden serves two full terms, he could create more jobs than any president in U.S. history: 25 million would be a good goal. To the GOP: if Trump was the "Jobs President," what do you call Joe Biden?
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