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263,000 jobs were added to the market in April, and the unemployment rate fell to 3.6%, the lowest jobless claim since December of 1969.
On Feb. 4, President Joe Biden took a victory lap when a blockbuster January jobs report defied the White House's own low expectations for that month's employment numbers. Analysts had predicted ...
His unemployment rate is the fifth-lowest, but it is a full 2% higher than Johnson’s. He is fifth-highest for inflation, but at 4.7%, inflation during Reagan’s presidency was less than half of ...
The unemployment rate averaged a very low 3.6% in 2023, as it had in 2022; the last year with an average 3.5% unemployment rate was 1969. [26] The number of persons with jobs continued setting records monthly as it had since June 2022 when the pre-pandemic peak was regained, reaching 157.3 million in December 2023.
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. [21]
President Biden touted the drop in first-time unemployment benefit claims to a 52-year low, though he faces other economic problems like rising prices and supply chain issues amid speculation on a ...
The record low for the Black or African American unemployment rate, 4.8%, was set under Biden in April 2023. That beat the Trump-era low that was a record at the time, 5.3% in August 2019 and ...
"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program. ... and the lowest unemployment rate ...