I’ve posted numerous analyses showing that the economy has done significantly better under Democrats than Republicans. The data is clear that if you want a shot to make more money or want to improve stock market returns, vote Democratic. Today Bloomberg has analyzed the data to also show that if you want more private sector jobs, vote Democratic.
The BGOV Barometer shows that since Democrat John F. Kennedy took office in January 1961, non-government payrolls in the U.S. swelled by almost 42 million jobs under Democrats, compared with 24 million for Republican presidents, according to Labor Department figures.
Democrats hold the edge though they occupied the Oval Office for 23 years since Kennedy’s inauguration, compared with 28 for the Republicans. Through April, Democratic presidents accounted for an average of 150,000 additional private-sector paychecks per month over that period, more than double the 71,000 average for Republicans.
For example, lets compare Obama and Bush:
Through April, private employers have added an average of about 900 jobs per month since Obama’s inauguration. During the two terms of his predecessor, Republican George W. Bush, private payrolls shrank by an average of 6,700 jobs per month.
Here’s data on a few other former presidents:
On a monthly basis, Democrat Bill Clinton averaged 217,000 new private-sector jobs. Democrat Jimmy Carter had an average of 188,000, followed by Republican Ronald Reagan’s 153,000, according to Labor Department data.