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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.
This report exceeded expectations, with the unemployment rate ticking down to 4.1 percent. Economists projected the U.S. to gain 155,000 jobs and hold the jobless… Watch live: Biden to discuss ...
* 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 is expected to hold steady at 4.1%. ... a pain point for the Biden administration for years, ... For more CNN news and newsletters create an account at CNN.com.
The unemployment rate was forecast to remain at 4.1%. However, while Friday’s report showed that the cracks in the labor market may be widening, there also were indications it still remains on ...
On the final day of the Trump presidency, the average 30-year fixed mortgage rate was approximately 2.84 percent. On March 26, 2024, the same rate sat at approximately 6.75 percent. Average Rent
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 ...