The numbers are almost all in now. What lock show around what yes, really happened throughout the eight years the Barack Obama to be president is sometimes different from what political leaders claimed.
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Gathering statistics is a painstaking and time-consuming job. Figures on crime, family members incomes and also poverty in 2016 weren’t released till September 2017, because that example.
But now we have a reasonably complete statistical snapshot of the Obama years, which started in the middle of the worst financial downturn since the great Depression, and ended v the highest level of family members income ever before recorded.
These facts frequently turn out to be at odds with the impressions created by candidates who, for example, asserted wages and also incomes to be stagnant as soon as in truth they to be rising. The facts additionally can conflict with impressions developed by news media report dramatic but untypical events. In spite of nonstop coverage of several mass shootings, because that example, the murder rate was going under for many of the Obama years, hitting the lowest ever recorded in 2014.
Some of these figures remain subject to tweaks and also revisions. Figures on handgun production in 2016 are still “preliminary,” for example, and others will continue to be subject to slim revisions because that years to come, as statisticians frequently refine their methods and also assumptions. Us will keep this update existing as essential in the months and also years come come. For now, it’s together “final” together possible.
Update, might 22, 2020: This revision different in small respects native the original, which reflect the many recent main statistics obtainable at the time. Statistical agencies subsequently issued routine, routine refinements the their estimates of employment, unemployment, task openings, actual weekly earnings, this firm profits and also international profession going back several years. Also, final figures replaced preliminary statistics for handgun production in Obama’s final year. This variation reflects main statistics together they was standing on this date.Jobs and Unemployment
Jobs — Over Obama’s eight year in office, the economy included a net complete of nearly 11.6 million work — a gain in complete nonfarm employed of 8.6 percent, according to the office of labor Statistics.
That percentage obtain is no as huge as for most other administrations since the finish of people War II.
In fact, the only other post-war administrations to see smaller sized gains in employment were those that Obama’s predecessor, George W. Bush, that eked the end a bare 1 percent gain, Dwight D. Eisenhower (7.1 percent in his eight years), and also Bush’s father, George H.W. Shrub (2.5 percent throughout his 4 years).
Jimmy Carter witnessed a much stronger employment obtain — 12.8 percent — despite the fact that his management lasted only four years, fifty percent as lengthy as Obama’s.
Note: because that these historical comparisons, we’ve begun with the inauguration of harry Truman in 1949, once he came to be the an initial president elected after the finish of civilization War II. Because that simplicity, we’ve an unified the administrations of Democrats john F. Kennedy and also his successor, lindon B. Johnson (who take it office ~ Kennedy was assassinated), and also of republicans Richard Nixon and his successor, Gerald Ford (who served out the remainder of Nixon’s 2nd term after ~ Nixon resigned), as though every were single eight-year administrations.
In ours graphics, we display Republican administrations in red, Democratic managements in blue.
Obama had actually the distinctive disadvantage of acquisition office in the middle of the worst financial crisis due to the fact that the an excellent Depression. More than 4 million jobs were shed in his very first year in office, on peak of the 4 million lost in George W. Bush’s final year.
To be sure, Bush’s eight year were marked by two recessions, including one that started two months after he took office in 2001. That helps explain why job production on his watch was by far the worst of any kind of post-war administration.
Both Bush and Obama also were bucking solid demographic trends. The surging percentages of ladies entering the task market, which started in the 1960s, peaked at the end of the Clinton administration. Also, “baby boomers” — those born in the year after WWII veterans reverted from the battle to take up family life — reached retirement period in great numbers throughout Obama’s time.
Labor force Participation — Because that these and also other factors, relatively fewer people said they wanted come work. Under Obama, the labor force — those either working or proactively looking because that a job — slipped indigenous 65.7 percent that those period 16 and also older come 62.9 percent.
Job Openings — With relatively fewer civilization seeking employment, a task shortage changed to a worker shortage under Obama. The room of labor reported the the number of unfilled task openings more than doubled throughout Obama’s time, hitting 6.1 million in July 2015. The was at the moment the greatest in the an ext than 16 years that Labor department statisticians had actually tracked this number.
Before Obama’s tenure, the only time task openings topped 5 million to be January and February 2001. Once Obama left office in January 2017, there were still 5.6 million openings, rise of 105% above the month he take it office.
Unemployment — The unemployment price was high when Obama take it office — 7.8 percent — and it continued to get worse in his very first year. That peaked at 10 percent in October 2009 and also didn’t drop listed below 9 percent until 2 years ~ that.
But slowly, and more or less steadily, the price improved. By the time Obama left office, the jobless rate had dropped 3.1 percent points, one improvement 2nd only come that throughout the Kennedy-Johnson years.
By the time Obama left office, the jobless rate was under to 4.7 percent — well below the historic norm the 5.6 percent (the median rate for all the months between Harry Truman’s inauguration in January 1949 and also the finish of the Obama administration).
But obtaining down to that point was a long, slow-moving grind. So slow-moving that over every one of Obama’s 96 months in office, the typical jobless rate was 7.7 percent — the highest possible for any administration since the finish of civilization War II.
In Reagan’s first term, unemployment peaked in ~ 10.8 percent — greater than Obama’s 10 percent peak. And under Reagan, it stayed at or over 10 percent because that 10 straight months beginning in September 1982 — contrasted with Obama’s one-month high the 10 percent.
Like Obama, Reagan also saw the rate decline steadily ~ the worst to be over.
By the time Reagan left office in January 1989, the price was down to 5.4 percent, not far over Obama’s final month in ~ 4.7 percent.
Both Obama and Reagan left office with task approval ratings above 50 percent.Income and Poverty
The inflation-adjusted income of American households reached the greatest level ever before recorded under Obama. The Census Bureau’s measure up of median family members income got to $59,039 in 2016. That was $2,963 more in “real” (inflation-adjusted) dollars 보다 in 2008, because that an overall gain of 5.3 percent.
In fact, the 5.3 percent obtain under Obama barely comprised for the 4.2 percent lose under his predecessor. And for his an initial six year in office, median income was listed below the level in 2008.
Obama’s 5.3 percent get was less than the 13.9 percent acquire under invoice Clinton, and also the 8.1 percent gain under Reagan. The is additionally pushed approximately a degree by a readjust in the Census Bureau’s survey inquiries in 2014, designed come correct for under-reporting the certain species of revenue in previous years.
The trend to greater incomes additionally shows up in the office of labor Statistics’ monthly report on average weekly revenue for every workers, readjusted for inflation. The figure, which contains salaried managers and supervisors, was 4.0 percent greater in the month Obama left office 보다 it was in the month he very first entered the White House. It to be 4.2 percent higher for simply production and also nonsupervisory employees.
As incomes rose, the price of poverty declined. The portion of american living with income below the main poverty line went down to 12.7 percent that the populace in 2016, a half-point drop compared with 2008.
That decline also wasn’t virtually enough to reverse the 1.9 percentage allude rise in poor under George W. Bush, and also it was much less 보다 the 3.5 percentage point decline under Clinton.
And also though the price of poor went down under Obama, the number of people in poverty climbed — just not as quick as the populace in general. In 2016, simply over 40.6 million Americans were still living below the poverty line, boost of 787,000 civilization compared through 2008. Under George W. Bush, the number went up by much more than 8 million, after ~ going down by more than 6 million under Clinton.Home Prices
Home values rebounded under Obama, getting to a brand-new high in his last year.
Sales figures from the national Association the Realtors present the national median price of one existing, single-family residence was $235,500 in 2016. The was $38,900 greater than in 2008, boost of 19.8 percent under Obama.
The 2016 number was a record, however only in life dollars, without accounting for inflation. Prices got to their pre-recession high in 2006. In the decade in between then and also Obama’s last year, residence prices climbed 6.1 percent, while the consumer Price Index increased 19 percent.Home Ownership
The house ownership rate drifted under under Obama, emotional the lowest allude in much more than half a century throughout his final year.
In the 2nd quarter that 2016, 62.9 percent of families owned their own home, follow to Census bureau figures. That ties the lowest suggest since the Census Bureau started collecting the figures. The last time the rate was the low remained in the 3rd quarter the 1965.
The home ownership rate began its slide after peaking at 69.2 percent in the 2nd quarter of 2004. It already had come under 1.7 portion points before Obama took office, but it went under by a greater amount in his 2 terms as president.
In Obama’s last quarter, the rate rebounded to 63.7 percent, as the economic situation improved and also sales of brand-new and existing houses hit their ideal pace since before Obama gone into office. Yet the ownership rate was tho 3.8 percent points reduced than the quarter prior to he take it office.Food Stamps
The variety of people receiving food aid under the Supplemental Nutrition aid Program (formerly well-known as “food stamps”) increased by a third under Obama.
In Obama’s last month in office, there were just under 42.7 million americans receiving SNAP assistance, a gain of 10.7 million or just under 33.5 percent native January 2009.
The number grew as the 2007-2009 recession threw millions the end of work, as advantage levels were raised for number of years by the stimulus regulation Obama signed in 2009. The average advantage per human went up from approximately $113 per person in January 2009 to about $134 in July.
At the height of food rubber stamp enrollment in December 2012, a complete of 47.8 million to be receiving aid, boost of virtually 16 million or 49 percent.
But then millions melted indigenous the rolls together employment and incomes improved, and as congress cut benefit levels, i beg your pardon dropped to a monthly typical of around $124 per person in Obama’s final month.
Measured native his an initial month come his last, advantage levels and also enrollment both grew less under Obama than under his predecessor.
Under George W. Bush, the variety of people getting food stamps thrived by 14.7 million, or 85 percent (compared with the 10.7 million, 33 percent gain under Obama). The typical monthly advantage per person flourished from $73.89 in the month shrub took office to $113.60 the month the left. That’s a 54 percent increase, compared with the 9 percent gain at the finish of Obama’s time in office.Corporate Profits
Corporations did much better than workers during Obama’s time. Their earnings hit several new yearly highs throughout his tenure.
Profits had surged under George W. Shrub as well, but when Obama take it office they had plunged from their previous height in 2006, as result of the jae won crisis and also ensuing economic downturn. Climate they recovered conveniently under Obama — far more quickly than tasks or personal incomes — and reached a brand-new record in 2010, his 2nd year in office.
From over there they climbed also higher, setting an ext new yearly records in 2012 and 2014, as soon as they got to $1.86 trillion.
Profits slipped a bit in 2015, however in Obama’s last year revenues were still $1.74 trillion — i beg your pardon is 54.9 percent higher than in 2008, the year prior to he took office.
In percent terms, the obtain in corporate earnings under Obama was less than half the increases under George W. Bush and also the Nixon-Ford administration, but twice the rise under Reagan. And practically the very same as under both Clinton and also Carter.
Technical note: There room several methods to measure corporate profits. We existing here the same historical measure followed by federal Reserve financial institution economists, i beg your pardon gauges profits of U.S. Corporations from every their an international operations, after ~ taxes and also without adjustments because that inflation, inventory transforms or transforms in funding (such together depreciation.) annual figures go earlier to 1929, and also can be found on heat 45 that BEA’s “National earnings by varieties of Income” table (Table 1.12).Stock Prices
Owners of corporate stocks additionally did quite well under Obama. The conventional & Poor’s 500-stock average an ext than double — climbing by 166 percent throughout his eight years in office.
To some extent, the get under Obama represents a cant from an uncommonly depressed level. The financial situation of 2007-2009 resulted in stock price to plunge. By George W. Bush’s critical day in office, the S&P 500 was standing 37 percent listed below where it had been on the critical trading day prior to he first took office in 2001.
Other stock industry indexes tell comparable stories. The Dow Jones industrial Average rose 138 percent under Obama ~ falling 22 percent under his predecessor, for example.
Some the the gain took location in the weeks just after Trump was elected, a “Trump Rally” that many attribute at the very least partly to investor optimism that the president-elect would, when in office, reduced taxes and regulation as promised. However the S&P rise in between Election Day and Obama’s critical day in office was just under 6 percent — a small fraction of the entire gain during Obama’s tenure. Stock prices currently had set record after record before Trump’s election, together we have actually written before.Debt and Deficits
The commonwealth debt an ext than doubled under Obama, and he left trump a heritage of worsening deficits.
Debt — On the day Obama left office, the U.S. Government’s debt owed to the public was much more than $14.4 trillion, boost of more than 128 percent throughout his eight years.
The debt also has grown drastically even as soon as measured as a percentage of the cultivation economy, indigenous 52.3 percent of gross residential product at the finish of budget year 2009 to 77.0 percent as of the end of fiscal year 2016 top top Sept. 30, 2016, according to historical budget plan figures native the Office the Management and also Budget.
Deficits — Under Obama, yearly federal deficits fell, yet then turned up again.
The deficit hit $1.4 trillion in fiscal year 2009. Together we’ve recorded elsewhere, Obama inherited many of that deficit and signed spending steps that contributed as much as $203 exchange rate to FY 2009’s red ink.
After that, the yearly deficits decreased markedly for numerous years. In budget year 2015, the deficit to be $438 billion, a drop of 69 percent indigenous FY 2009.
But deficits were again top top the increase as Obama left office. The nonpartisan Congressional budget plan Office approximated in June 2017 the the deficit for FY 2017 — which end Sept. 30 and also is the critical one for which Obama signed spending receipt — will rise to $693 billion.
CBO additionally projects that under current law, annual deficits will certainly again exceed $1 trillion in 2022 and beyond. As things stand, federal debt fan to the general public will reach 80 percent the GDP in 2020, and much more than 91 percent in 2027, CBO projects.Health Insurance
Coverage — numerous Americans gained health insurance allowance coverage together a result of the Affordable care Act, also known together Obamacare.
The percent of every U.S. Citizens who lack coverage to reduce sharply, from 14.7 percent the year prior to Obama gotten in the White residence to 9.0 percent in his final year — the lowest on record. Nevertheless, those gains dropped far quick of Obama’s 2007 project promise to “cover every American.”
According come NHIS figures, 43.8 million american of all eras lacked health insurance in 2008, yet in 2016 that number was under to 28.6 million — a autumn of 15.2 million people.
The variety of uninsured actually rose during the very first two years of Obama’s time, getting to 48.6 million in 2010. That’s due to the fact that of the good Recession of 2007-2009, when numerous workers lost their jobs, and also any health insurance benefits that went with them.
The number of uninsured drifted under after that, as the economic climate slowly recovered. However then that dropped sharply beginning in 2014, the first year the the ACA’s main provisions took effect. Those provisions compelled that individuals obtain coverage or salary a taxation penalty, made government-paid medical allowance available an ext widely to millions of added low-income people, and detailed government subsidies to aid those additional up the earnings scale pay for private insurance.
Premiums — Obama likewise failed to provide on his project promise to “lower your premiums by approximately $2,500 per family per year.” for the typical worker, premiums continued to rise quicker than wages or inflation, though an ext slowly than before.
Premiums for employer-sponsored wellness insurance (which covers nearly 56 percent of the population, follow to Census figures) rose 43 percent under Obama for family members policies, and also 37 percent for plans covering a solitary person.
To be sure, premiums increased twice together fast before Obama take it office. Family members rates increased 97 percent and single-coverage rates rose 90 percent throughout George W. Bush’s eight year in office.
But the climb under Obama continued to outpace the mean weekly income of all employees (up 20 percent under Obama) and also the climb in customer prices (up 15 percent).
The impact on take-home salary for employees was made even larger since employers picked up a somewhat smaller sized share of the total cost of health coverage ~ above average.
Under Obama, the worker part of annual health insurance allowance premiums climbed by $1,923 because that a family policy, and $408 for single coverage. Both those figures represented a 57 percent increase during his eight years in office.
Obama promised to lower premiums once he very first ran for the White House. “We’re walking to job-related with her employers to lower your premiums by up to $2,500 every family, per year,” the said. At one more point, that said, “We will begin by reduce premiums by as lot as $2,500 every family.” Aides said once Obama spoke of “lowering” or “reducing” premiums that really meant that the would mitigate the rate of growth, despite he did not make that clear when speaking to voters.Immigration
The flow of people captured crossing the U.S.-Mexico border illegal slowed markedly under Obama. In his last year, the U.S. Border Patrol apprehended simply under 443,000, under 35 percent native the year prior to he took office.
Though it’s difficult to know how numerous illegal crossings walk undetected, the variety of those arrest is the best available indicator that the overall trend.
The percentage decrease under Obama was far less 보다 the 58 percent decline under George W. Bush, who practically doubled the variety of agents stationed at the Southwest border. Under funding levels developed by Bush, the number grew from 9,147 agents in budget year 2001 come 17,408 in FY 2009 (which started Oct. 1, 2008).
Under Obama, the number continued to increase, hitting a peak of 18,611 in FY 2013. The number then decreased to 17,026 in fiscal year 2016.
Meanwhile, the number of immigrants living in the U.S. Illegally actually fell, native an approximated 11.7 million in 2008, to an estimated 11.0 million in 2015, according to the Pew research Center. That’s a decrease of about 700,000, or 6 percent.
Similarly, the facility for migrate Studies approximated that the populace of immigrants living in the U.S. Illegally dropped indigenous 11,460,000 in 2008 come 11,045,000 in 2015, a decrease of 415,000, or 3.6 percent. The CMS examine attributed the decrease to tighter airline security, boosted enforcement at the border and improving economic problems in Mexico.
Such approximates are inexact; those break the law by being below can’t be supposed to confess that to Census officials. Yet demographers have used consistent methodologies indigenous year come year, and also agree the the trend has actually been downward.Energy
Oil — U.S. Crude oil oil production, mainly early out to advances in drilling technology, surged under Obama, helping to drive down fuel prices. In 2016, the U.S. Created 77 percent an ext crude oil than it go in 2008.
As a result, U.S. Dependency on imported oil dropped by more than half. In 2016, the U.S. Imported only 24.8 percent of the petroleum and refined products that it consumed, down from 57 percent in 2008. In 2015, that imported 24.1 percent, which was the lowest annual level of suspended on imports because 1970.
Wind & Solar — Wind and also solar power has more than quadrupled under Obama. Electrical energy generated by large wind and solar power facilities enhanced by 369 percent throughout the Obama years.
The increase in solar power in certain has been spectacular. The U.S. Generated nearly 43 times more electricity from solar power in 2016 than in 2008.
Wind and solar accounted for 6.5 percent of full large-scale generation in 2016, increase from a mere 1.4 percent in 2008. Wind and solar currently account for as large a share as hydroelectric power, additionally at 6.5 percent the the total.
These numbers are for “utility scale” electricity generation. In 2014, EIA also began tracking small-scale (under 1 megawatt) “distributed” solar voltaic generation, such together the power produced by rooftop systems set up by homeowners. In 2016, wind and also solar accounted because that 6.9 percent the the merged total that utility-scale power and also “distributed” solar power.
Coal — As wind and solar rose, coal declined. Obama placed forth brand-new restrictions the his administration called a “Clean power Plan,” and also his movie critics dubbed a “war ~ above coal.”
In 2016, U.S. Coal manufacturing was 728 million metric tons, according to data indigenous the U.S. Power Information Administration. It is a decrease of 38 percent due to the fact that 2008.
During the Obama years, electrical utilities shifted far from burn coal, which accounted because that 48 percent of their strength generation in 2008, however only 30 percent in 2016. The share offered by burning natural gas went increase from 21 percent come 34 percent, and also the share offered by atom plants stayed steady at simply under 20 percent.
Carbon Emissions — Meanwhile, the quantity of carbon dioxide emitted right into the setting from U.S. Energy-related resources has decreased during Obama’s time.
Between 2008 and 2016, the quantity of carbon dioxide emissions from burn fossil fuels went under 11 percent, follow to approximates from the EIA.
Emissions have actually been falling even as the economy has to be growing, in component because utilities — propelled by lower natural gas prices and also government regulation — have been burning an ext natural gas and less coal. Emissions from electric power tree in 2016 to be the lowest due to the fact that 1988, according come EIA figures.Trade
Obama promised in his 2010 State the the Union attend to to “double our exports over the next 5 years.” that didn’t happen.
Instead, together the economic climates of major U.S. Trading partners struggled, therefore did U.S. Exports.
During the complete eight years of Obama’s presidency, annual exports of goods and services climbed by simply over 20 percent (and actually decreased in 2015 and 2016).
Meanwhile imports thrived even more slowly, by just 6.6 percent, and also so the U.S. Profession deficit shrunk by 29 percent.Guns
Obama campaigned ~ above a promise come reinstate the “assault weapon” half that expired in 2004, but that didn’t happen either. Together president, he also proposed several new gun laws that never passed.
Instead, annual U.S. Handgun production tripled, as millions of Americans flocked to buy firearms.
The federal government doesn’t collect numbers on sales that guns. But the nationwide Shooting Sports foundation — the pistol industry’s trade group — tracks approximate sales numbers by adjusting FBI statistics ~ above background checks to remove those not concerned actual sales, such as checks compelled for concealed-carry permits.
Those NSSF-adjusted figures also set a record in Obama’s final year, topping 15.7 million. That’s rise of 75 percent above the 2008 level.
These figures cover rifles and shotguns and also previously owned weapons, too as brand-new handguns. Lock are only an approximation of really sales, because some of this checks cover purchases of lot of weapons, and also of course part sales still take place without background checks.Crime
Despite an ext than a score of massive shootings, crime declined substantially in its entirety during the Obama years.
The FBI’s crime statistics show the number of violent crime in 2016 to be 10.3 percent reduced than the number in 2008, and the number of property crimes dropped 18.9 percent. Among violent crimes, the greatest drop was a 25 percent reduction in robberies.
Meanwhile the population increased by more than 6 percent, so the rate of crime dropped even more. The variety of violent crimes per 100,000 populace was nearly 16 percent lower in 2016 보다 in 2008, and also the residential or commercial property crime rate dropped practically 24 percent.
But the murder price didn’t drop at all — it was 5.4 every 100,000 both in 2008 and also in 2016.
Earlier, in 2014, the murder rate had actually dropped to the lowest level on record — 4.4 every 100,000 — however it rebounded in Obama’s last two year in office.
Obama collection a goal of doubling the fuel performance of cars and light trucks, yet that promise isn’t working out. Back he placed in place a regulatory requirement that cars and light trucks mean 54.5 miles every gallon by design year 2025, automobile buyers had actually other ideas.
For light duty vehicles actually purchased, the mean EPA city/highway sticker mileage has actually been stuck at 25.1 mpg for model years 2014, 2015 and 2016, according to the Transportation study Institute the the college of Michigan.
Model year 2017 isn’t looking any type of different. Vehicles sold throughout Obama’s final month in office likewise averaged 25.1 mpg — only 20 percent above where it to be eight year earlier. Meanwhile, the Obama mileage regulations are under review by the brand-new administration.Guantanamo
During Obama’s last 20 work in office one more 18 detainees were exit from the armed forces detention camp for suspected terrorists in Guantanamo Bay, Cuba, and also shipped to other countries. That carried the complete number continuing to be to 41.
When he an initial took office, Obama ordered the basic to it is in closed in ~ a year. Yet Congress balked, and in the end Obama to be able to accomplish an 83 percent reduction in the head counting over eight years.War Deaths
During Obama’s time in office, 2,035 U.S. Military personnel passed away as a result of the Afghan war and also the fighting in and around Iraq, according to figures kept by iCasualties.org.
Between Jan. 20, 2009, and Jan. 20, 2017, there to be 1,751 U.S. Military fatalities connected to the Afghan war, which ended up being America’s longest battle in 2010 and still has actually no end in sight.
Also throughout Obama’s time, there were 284 fatalities linked to the problem in Iraq. He pulled all U.S. Troops the end of Iraq in ~ the finish of 2011, but began sending them back in 2014 ~ Islamic State battle aircraft swooped in and also captured huge sections of the country.
Editor’s Note: In January, we arrangement to i announced our very first quarterly report on chairman Donald Trump.
Update, Sept. 24, 2018: we updated the Crime section (and that is accompanying graphic) come reflect revisions do by the FBI in 2016 figures had in that is Crime in the United claims report exit today. The FBI amendment the 2016 homicide price to 5.4 percent indigenous the 5.3 percent initially reported. The number of violent crimes, building crimes and also robberies were likewise revised slightly from the level the FBI initially reported.Sources
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