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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 ...
Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican: 1953–1961 2.9% ...
From LBJ to Biden: How the Economy Performed Under Each President. Bob Haegele. May 26, 2024 at 10:00 AM ... Clinton also has the third-lowest unemployment rate, in contrast to his predecessor.
The unemployment rate has fallen to even lower levels under Biden than it did for Trump. Unemployment has fallen 2.4 percentage points under Biden’s term so far, while rising 8.5 percentage ...
The labor market was strong in 2023. The unemployment rate averaged a very low 3.6% in 2023, as it had in 2022; the last year with an average 3.5% unemployment rate was 1969. [26] The number of persons with jobs continued setting records monthly as it had since June 2022 when the pre-pandemic peak was regained, reaching 157.3 million in ...
Friday's numbers showed growth of 517,000 jobs in January and a 3.4% unemployment rate, shocking observers who had expected growth of 188,000 jobs and a rate of 3.6%.
The Labor Department report shows that just 12,000 jobs were created in October, far below estimates of up to 120,000 and were the lowest in four years. The unemployment rate was 4.1%, in line ...
In fact, according to the Bureau of Labor Statistics, the Black unemployment rate fell to 4.8% in April 2023 — an all-time low. Before that, the Black unemployment rate was as high as 10.2% in ...