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In the 32nd month of Biden’s term (October 2023), unemployment hit 3.8 percent, compared with a 3.6 percent rate at the same point in Trump’s presidential era.
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 ...
* The COVID-19 pandemic and the Great Resignation had a dramatic influence in statistics presented, including a sharp increase in unemployment rate at the time of changes from Trump to Biden. Annualized change in unemployment rate over each presidency from Truman to Biden, ordered from best-performing to worst-performing economic performance.
The unemployment rate now is lower than when Trump left office, but it ticked up in recent months. July’s unemployment rate , the most recent figure available, was 4.3%, the Bureau of Labor ...
President Biden inherited a challenging economic and budgetary situation from President Donald Trump, due significantly to the COVID-19 pandemic.As of December 2020, the jobs level was nearly 10 million (6%) below the early 2020 peak, and the unemployment rate was an elevated 6.7%. [12]
In January 2021—the final month of Donald Trump’s presidency—the U.S. Consumer Price Index (CPI) rose by a 1.4 percent annualized rate, compared to 3.2 percent in February 2024 under the ...
The job market also took a significant hit during Trump’s years, with the unemployment rate skyrocketing to a peak of 14.7% by the end of Trump’s presidency.
More than a dozen NBC News reporters, editors and correspondents fact-checked the key claims the presidential candidates made Thursday night. ... the Black unemployment rate fell to 4.8% in April ...