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Tuesday, September 20, 2016

Which Political Party Has Created More Jobs?

job creation by presidency

The graph above is the work of Economist Steven Stoft of zFacts.com. It shows the average annual rate of private sector job creation during each spell that a party held the presidency. Dr. Stoft created this data by analyzing 72 years worth of jobs data from the Bureau of Labor Statistics. 72 years was selected as the timeframe because each party has controlled the presidency for 36 of those 72 years. During those 36 years each, 58 million jobs have been created under Democratic presidents, but only 26 million jobs under Republican Presidents. That means that for all of modern American history, jobs have been created more than twice as fast when we have elected Democrats to the highest office. 

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