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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% ...
What was the unemployment rate under Trump? According to Bureau of Labor Statistics, unemployment during Trump's presidency peaked in April 2020 at 14.8%, heavily due to the COVID-19 pandemic.
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 .
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]
The record unemployment rate reported on Friday captured the pain of a nation where tens of millions of jobs suddenly vanished, devastating the economy and forcing President Donald Trump to ...
The unemployment rate sat at 3.5% in February 2020 but jumped to 14.8% during the pandemic. The unemployment rate now is lower than when Trump left office, but it ticked up in recent months.
The unemployment rate at the end of Trump's term would have been higher but for the 3.9 million people who dropped out of the labor force (i.e., stopped looking for a job) between February 2020 and January 2021 (and are thus not counted in the unemployment rate). [210] Trump inherited a booming labor market, and for the first three years in ...
If you eliminate pandemic statistics, the lowest unemployment rate under Trump was just slightly higher than the lowest point under Biden. Both were good: 3.5% under Trump and 3.4% under Biden at ...