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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% ...
The rate was the highest of any month since the BLS began tracking in 1948. According to BLS statistics, the unemployment rate was at 3.5% in Feb 2020, a month prior to the pandemic's start in the ...
Consensus estimates are for a net gain of 160,000 jobs and for the unemployment rate to stay at 4% (near historically low levels). ... a 103% increase from a year ago and the highest February ...
The unemployment rate at the end of Trump's term would have been higher but for the 3.9 million people who dropped out of the labor force (i.e., stopped looking for a job) between February 2020 and January 2021 (and are thus not counted in the unemployment rate). [212] Trump inherited a booming labor market, and for the first three years in ...
Among the presidents from Jimmy Carter to Donald Trump, Bill Clinton created the most jobs at 18.6 million, while Ronald Reagan had the largest cumulative percentage increase in jobs at 15.6%. This computation treats the base month as the December before the month of inauguration and last month as December of the final full year in office. [2]
Jimmy Carter (1977-81) GDP growth: 4.6% Unemployment rate: 7.4% Inflation rate: 11.8% Poverty rate: 13% Real disposable income per capita: $21,891 Jimmy Carter served for four years, from 1977 to ...
The record unemployment rate reported on Friday captured the pain of a nation where tens of millions of jobs suddenly vanished, devastating the economy and forcing President Donald Trump to ...
In September 2019, the U.S. unemployment rate dropped to 3.5%, near the lowest rate in 50 years. [20] On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million nonfarm jobs were lost and the unemployment rate rose to 14.7 percent in April, due to the Coronavirus pandemic in the United States .