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Former U.S. President Bill Clinton highlighted a stunning fact during his speech at the Democratic National Convention on Wednesday: Democratic presidents have overseen the creation of nearly twice as many jobs as Republican presidents since 1961.
"What's the job score? Republicans, 24 million; Democrats, 42 [million]," Clinton said to cheers and applause.
Democrats sure know how to create jobs, if recent history is any indication.
Since John F. Kennedy was elected president in 1961, job growth under Democratic presidents has outnumbered that under Republicans by a nearly 2-to-1 margin, according to a Bloomberg Government analysis. During that period, non-government payrolls grew by almost 42 million jobs under Democratic presidents, compared to 24 million when a Republican party member was in power .
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.