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Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican: 1953–1961 2.9% ...
December – The unemployment rate ends the year at 9.3%. December 2 – The US House of Representatives passes H.R. 4853 that extends tax cuts for families making under $250,000, but raises taxes on those making over that amount with a 234–188 vote. [110]
In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
By CHRISTOPHER S. RUGABER WASHINGTON -Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent.
Extending unemployment benefits beyond the traditional 26 weeks has always been controversial. Now, as Congress failed to agree on yet another extension, you are about to find out if less could be ...
"Expert" economists predicted that at least 140,000 new jobs would be created in November and that the unemployment rate would hang tight at 9.6 percent (if not be reduced a fraction). So it felt ...
Annual rate of change of unemployment rate over presidential terms in office. From President Truman onward, the unemployment rate fell by 0.8% with a Democratic president on average, while it rose 1.1% with a Republican. [27] Job creation is reported monthly and receives significant media attention, as a proxy for the overall health of the economy.
U.S. Treasury Secretary Timothy Geithner and other top economic officials in the Obama administration say that, while they expect some improvement this spring, 2010 will probably remain a rough ...