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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 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.
Trump job numbers vs. Biden-Harris job numbers. ... The unemployment rate was 6.7% at the end of his term, up two percentage points from the start of the term.
Trump vs. Biden, by the numbers ... 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 ...
The U.S. unemployment rate for the August 2024 was 4.2% with around 7 million Americans unemployed. Trump says Wharton School professors support his economic plan
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 ]
The unemployment rate when Trump took office was 4.7%; when Trump left office, the unemployment rate was 6.3%, [211] which is above the median historical norm (5.6% is the median U.S. unemployment rate for all months since 1948). [212]
Here are a few predictions about 2025 salaries and unemployment based on whether Biden or Trump is the next President of the United States: Economic Predictions for 2025 Under Joe Biden