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When the peak pandemic period (April 2020 to October 2021) is excluded, Black unemployment averaged 5.86 percent under Biden and 6.65 percent under Trump. Black homeownership averaged 42.2 percent ...
Obama's plan is to cut income taxes overall, which he states would reduce revenues to below the levels that prevailed under Ronald Reagan (less than 18.2 percent of GDP). Obama argues that his plan is a net tax cut, and that his tax relief for middle-class families is larger than the revenue raised by his tax changes for families over $250,000.
The New York Times reported some of the causes and consequences of higher black unemployment in February 2018: "Even at the low of 6.8 percent recorded in December [2017] — it climbed back to 7.7 percent in January — the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased ...
Unemployment rate: 3.4%. Inflation rate: 4.4%. Poverty rate: 12.80%. Real disposable income per capita: $17,181. ... The poverty rate was also the second highest under Obama. To his credit, though ...
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
Bureau of Labor Statistics released its January jobs report Friday, and it showed the black unemployment rate shot up to 7.7 percent.
President Obama presenting the American Jobs Act to Congress The American Jobs Act ( S. 1549 ) (H. Doc. 112-53) [ 1 ] and (H.R. 12) [ 2 ] was the informal name for a pair of bills recommended by U.S. President Barack Obama in a nationally televised address [ 3 ] to a joint session of Congress on September 8, 2011. [ 4 ]
It’s a sentiment echoed by prominent Black leaders from former President Obama to Rep. Jim Clyburn (D-S.C.). ... He said that Black unemployment has reached historically low levels under his ...