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https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218Bill Clinton (1993-2001): Most Number of Jobs Created.
President Clinton added 18.6 million jobs. He was the top job creator in terms of total numbers. It was a 15.6 percent increase, the third-largest percentage increase. There were 137.6 million people employed in December 2000, the end of his term. There were 118.9 million employed at the beginning of his term.
Unlike most presidents, he did this through contractionary fiscal policy. He presided over eight years of steady economic growth without adding to the debt. He created a surplus, reducing the debt by $63 billion. His Omnibus Budget Reconciliation Act of 1993 raised the top tax rate from 28 percent to 36 percent for high-income earners. He increased the top corporate tax rate from 34 percent to 36 percent. He created the earned income tax credit for low-income families and raised the gas tax by $0.43 per gallon.
At the same time, he cut welfare spending. Recipients had to get jobs after two years. His policies cut the number on welfare by two-thirds, to 4.5 million, by 2004.
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Barack Obama (2009-2017): Special Mention
President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That's compared to 143.4 million working at the end of the Bush administration.
But that doesn't give the total picture. The economy lost 8.5 million jobs as a result of the 2008 financial crisis. It kept shedding them until December 2009. Since that low point, Obama created 16 million jobs, a 11.6 percent increase. If measured that way, Obama was the third-largest job creator in terms of numbers.
Obama attacked the Great Recession with the American Recovery and Reinvestment Act. It created jobs through public works. Many of those jobs were in construction. That successfully reduced the unemployment rate. But that meant Obama increased the debt by $8.6 trillion, a 74 percent increase. That drove the debt-to-GDP ratio to 104 percent.
Job creation would have been stronger during Obama's term if Congress hadn't passed sequestration. In his last FOMC meeting, Federal Reserve Chairman Ben Bernanke noted that these austerity measures forced the government to shed 600,000 jobs in four years. In the prior recovery, the economy added 400,000 jobs during the same period.
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