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Real wage growth turned negative in June 2018, as the inflation rate was higher than nominal wage growth, continuing into July. [229] [230] On September 5, 2018, Trump's top economist Kevin Hassett released new analysis indicating that real wage growth under Trump was higher than previously reported. However, the new analysis also showed that ...
* 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.
That held true even though wages rose faster under Biden than during Trump’s time in office. Wage growth has since slowed, but the inflation rate has fallen faster, allowing income gains to keep ...
The Nasdaq rose from 5,540.08 to 13,197.18 during the Trump administration, an increase of 138.2 percent. Under Biden, the same index has risen from 13,197.18 on the day of his inauguration to ...
During President Donald Trump's successful campaign bid last year, he proposed eliminating individual income taxes for all Americans and paying for the lost revenue by increasing import...
The last federal minimum increase was in July 2009, from $6.55 to $7.25. ... While Trump said wage changes like California's — which hiked it to $20 for fast food workers in April — might go ...
Employers added 256,000 jobs in December despite uncertainty over President-elect Donald Trump's policies. Unemployment dipped to 4.1% ... nudging down the yearly increase from 4% to 3.9%. Wage ...
President Trump boasted on Tuesday about the growth of the U.S. economy since he took office, but some of his claims are challenged by official data.