The latest jobs numbers came out last Friday from the Bureau of Labor Statistics. They show a preliminary job creation number of 173,000 new private-sector non-farm American jobs were created in August. When final statistics come in that number may be adjusted up or down somewhat, but it's a good snapshot.The most important thing it shows is that positive news keeps coming in. We are currently on the longest roll of consecutive months of net positive job creation since statistics have been kept for the nation.
The other thing the stats do is underscore an important but little-known fact about American employment statistics: the strong superiority of these numbers when a Democrat occupies the White House. I went back to the inauguration of John F. Kennedy in 1961, ran the numbers, and here is what I found: There have been 5 Republicans in office for a total of 28 years. During that time there was a net gain of 857,000 jobs a year during Republican administrations. There have also been 5 Democrats as president from JFK to now, for a total of a little less than 27 years. During that time a net average of 1,844,000 jobs have been added every year during Democratic administrations.
The numbers are stark and remarkable. More than twice as many jobs per year have been created under Democrats as under Republicans, almost a million a year more! Why Democrats don't trumpet this to the skies every election cycle is beyond my understanding. Maybe they ought to start doing that.
No comments:
Post a Comment