September 29, 2022 4:14 am
Virginia’s economic growth in McAuliffe’s term as governor trailed peer states

Virginia’s economic growth in McAuliffe’s term as governor trailed peer states


Virginia Democratic nominee for governor Terry McAuliffe claims that he supervised booming economic growth during his tenure as governor. But the numbers tell a different story.

Mr. McAuliffe, running for a second, non-consecutive four-year term against Republican businessman Glenn Youngkin, repeatedly describes himself on the campaign trail as a jobs governor who “created 200,000, new high-paying jobs.”

Since 2009, when Mr. McAuliffe first ran for governor, he promised to “create more jobs than all the other 49 governors.” He made the same promise at a 2013 debate during his second run for governor. He continued to make the promise each year until 2017 his term.

“I did it before, and they all know with a Democratic legislature, boy, I feel bad for those other 49 states cause I’m telling you Virginia is going to lead the country,” he told CNN in March.

However, according to data from the Bureau of Labor Statistics, in December 2013, immediately before Mr. McAuliffe took office, employment in Virginia was 4,021,840. In January 2018, by the end of McAuliffe‘s term, employment was 4,204,892. That is an increase of 183,052 jobs, or 4.6%.

Other states, including Maryland, have all experienced higher job growth by a greater percentage. This includes Florida (10.2%), Georgia (11.9%), North Carolina (8.5%), South Carolina (7.5%), Tennessee (9.5%), Texas (8.1%), and Maryland (12.8%).

Had Virginia employment grown at the competitor state average of 9.8%, Virginia would have added 394,140 jobs during Mr. McAuliffe‘s tenure as governor.

Additionally, Mr. McAuliffe‘s jobs number, compared to Virginia governors immediately before him, is relatively average. Republican Gov. George Allen left office with 313,300 net new jobs and Republican Gov. James S. Gillmore III finished his term creating 221,000. Democratic Gov. Mark Warner netted 207,300 new jobs.

The former governor also says often that Virginia’s “personal income went up 14%” while he was in office.

The state’s personal income did grow 14.6% during Mr. McAuliffe‘s time as governor, but the average growth in neighboring states was an average 2.5 percentage points higher.

According to statistics from the Bureau of Economic Analysis, Florida’s personal income grew 19.7%. Georgia’s spiked 19.0%, while Maryland shot to 15.1%. North Carolina went to 15.8%, South Carolina grew to 17.7% and Tennessee increased to 15.5%.

Last but not least, McAuliffe resigned with a 3.7% unemployment level. However, Old Dominion University’s “State of the Commonwealth Report” released in 2017, stated that Virginia’s economic growth was slower than the rest of the nation for the past six years, and that the state had hardly grown.

“Virginia’s economy expanded during McAuliffe‘s tenure, but that’s hardly surprising given that the national economy grew during that period. You can compare Virginia to other states to determine if McAuliffe made any difference,” Dan Mitchell, a libertarian Cato Institute fellow and cofounder of The Center for Freedom and Prosperity told The Washington Times. He doesn’t look very good on that basis. It’s not that income and job growth were slower than states with zero-income tax like Texas and Florida. Virginia was even worse than Maryland in terms of income .”

and jobs.

The Washington Times reached out for comment to a McAuliffe campaign spokesperson, but was not contacted. The Virginia governor’s race is set for November 2.

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