Presidential policy can affect the economy, such as improvement in the fight against the coronavirus partly because of Biden’s policies. The jobs recovery began under Trump, but because he was out of office only eight months into the recovery, much of the job gains accrued during Biden’s time in the White House.įinally, it’s important to remember that although presidential job creation powers are real, they’re not unlimited. He was inaugurated in January 2021, as the nation was recovering from the steep and sudden job losses stemming from the pandemic’s onset in 2020. Only Clinton was lucky enough to avoid a recession.īiden has been fortunate: His strong monthly job-creation averages reflect the economic cycle when he entered office. The elder Bush experienced one in the middle of his term, the younger Bush faced one at both the start and the end of his presidency, Obama entered office with the Great Recession raging, and Trump was in office when the coronavirus pandemic hit, which created a steep, if short-lived, recession. And the job losses during economic downturns are what hamper the job-creation averages for presidents. The longer presidents serve in office, the likelier it is they will encounter an economic downturn. This metric is a strong one for Biden: His job growth per year is roughly double that of any other president’s. The most basic way of correcting for these variations is to determine the jobs gained per year in office. He also trails former Presidents Richard Nixon and Barack Obama using this method.Īnother problem is that these presidents served varying terms: Some served eight years, some served four, others served partial terms, and Biden himself has only served two years so far. The percentage increase was more than twice as big under Johnson, Reagan and Clinton than it has been under Biden. Using this metric, Biden’s showing is in the middle. ![]() A more telling (but still imperfect) measurement is the percentage increase of jobs on a president’s watch. However, this comparison requires important context.įor starters, the labor force’s size has grown considerably since Dwight Eisenhower was president.
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