No, Obama Hasn't Created More Jobs Than Reagan
Just how do the Obama and Reagan recoveries stack up in terms of jobs?
• From the end of the recession in June 2009 through July 2012 — the first 37 months of the Obama recovery — the U.S. economy has generated 2.7 million net new jobs. From the jobs low point in February 2010, the U.S. economy has generated 4 million net new jobs.
From the end of the 1981-82 recession through the end of of 1985 — the first 37 months of the Reagan recovery — the U.S.created 9.8 million net new jobs. And if you adjust for the larger U.S. population today, the comparable figure is more than 12 million jobs.
Score one for Reagan.
• Another of way of assessing the U.S. labor market is by looking at the employment-population ratio, a simple measure that looks how many Americans are working as a share of the population (or what the Labor Department calls the civilian, non-institutional population.)
During the Reagan Recovery, that ratio increased. During the Obama Recovery, that ratio has been dead in the water.