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Clinton also has the third-lowest unemployment rate, in contrast to his predecessor. ... Inflation was just 1.4% during his years, which is the second lowest. The poverty rate during his years ...
* 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.
On Feb. 4, President Joe Biden took a victory lap when a blockbuster January jobs report defied the White House's own low expectations for that month's employment numbers. Analysts had predicted ...
U.S. Labor Department data released Friday showed job growth accelerated sharply in January, with nonfarm payrolls up by 517,000 jobs and the unemployment rate dropping to a 53-1/2-year low of 3.4%.
In September 2019, the U.S. unemployment rate dropped to 3.5%, near the lowest rate in 50 years. [20] On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million nonfarm jobs were lost and the unemployment rate rose to 14.7 percent in April, due to the Coronavirus pandemic in the United States. [21]
GDP growth, job creation and wage growth remained strong under Biden, with a sustained nearly 50-year-low unemployment rate. Polls, however, indicated broad public discontent with the Biden economy, though data showed consumers continued spending, taking vacations and changing jobs as though they believed the economy was good. [272]
"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program. ... and the lowest unemployment rate ...
Biden ended his speech by touting a series of strong economic metrics under his watch: 16 million jobs added in the U.S. since he entered the White House; the lowest average unemployment rate of ...