-November 3, 2020
After much anticipation, controversy and hype, the presidential election of 2020 is finally here. As of today over 96 million absentee and early votes have been made. A much higher tally than previous elections. So much is on the line as the United States has been dealing with this internal battle of ideologies. With so much disinformation going around we decided to state a few simple facts about where the country is in terms of jobs, which is an important indicator for all Americans, regardless of party affiliation.
Here’s what the record says on jobs and unemployment rates, according to the U.S. Bureau of Labor Statistics:
Jobs growth slowed during the first three years under the Trump administration from what had been the case during the final three years of Barack Obama. This is before the coronavirus struck, inflicting damage to the jobs market.
- During Obama’s final three years, from January 2014 through January 2017, the nation added 8,079,000 jobs, an increase of 5.9%.
- During Trump’s first three years, from January 2017 through January 2020, the nation added 6,585,000 jobs, an increase of 4.5%.
- The difference was more striking for states like Ohio. According to a recent article on cleveland.com, the state gained 288,000 jobs, or 4.2%, during the final three years of Obama, versus 79,700 jobs, or 1.4%, during the first three years of Trump.
- As for the unemployment rate, it fell from 6.6% to 4.7% during Obama’s final three years, then dropped to 3.6% after three years under Trump, as of January of this year.
- In Ohio, the unemployment rate fell from 6.6% to 5.2% during Obama’s final three years, then to 4.1% by January after the first three years of Trump.
Creation of U.S. manufacturing jobs did speed up during the first three years of Donald Trump (pre-coronavirus) over what had been the case during the final three years under Barack Obama, but that wasn’t the case in Ohio.
- Nationally, the the United States added 288,000 manufacturing jobs, a growth of 2.4%, during Obama’s final three years in office from January 2014 through January 2017.
- Under Trump, in his first three years, 475,000 manufacturing jobs were added, or 3.8%, according to the U.S. Bureau of Labor Statistics.
The story was different in Ohio, however, where manufacturing did better as Obama was closing out his final years in office.
- Over Obama’s last three years, Ohio added 18,700 manufacturing jobs, or 2.8%, in comparison to 11,500 jobs, or 1.7% during the first three years under Trump.
The bottom line is that this election is one of the most important elections of this country's history. With the civil unrest, COVID pandemic, economic inequities, and overall lack of leadership in Congress, choosing the direction of the country for the next our years is on the ballot. Remember, every vote counts.