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Also, the Black unemployment rate hit an all-time low of 4.8% in April 2023, BLS data shows. GDP and consumer spending Biden will hand off an economy that continues to grow at a healthy clip.
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.
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 ]
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 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 ...
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.