US public and private sector payrolls jobs

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The first graph below shows the change in private sector payroll jobs from when each president took office until the end of their term(s). Mr. G.W. Bush (red) took office following the bursting of the stock market bubble, and left during the bursting of the housing bubble. Mr. Obama (blue) took office during the financial crisis and great recession. There was also a significant recession in the early '80s right after Mr. Reagan (yellow) took office. There was a recession towards the end of President G.H.W. Bush (purple) term, and Mr Clinton (light blue) served for eight years without a recession. The second graph shows the change in public sector payroll jobs. The public sector grew during the terms of Carter, Reagan, G.H.W. Bush, Clinton and G.W. Bush. However the public sector has declined significantly since Mr. Obama took office (down 656,000 jobs). These job losses have mostly been at the state and local level, but more recently at the Federal level. This has been a significant drag on overall employment. Read the full article here (VIEW LINK)


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