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Unemployment rate change by United States president between the start of their presidency and the end of their presidency from 1948 (data from the Bureau of Labor Statistics) [10] President Political party Period of presidency Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during ...
Ford’s presidency, which lasted just 895 days, saw the second-highest rate of unemployment — second only to George W. Bush, who served during the Great Recession.
The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019. [ 40 ] By August 2023, it reached 3.8 percent.
The BLS also provides numbers for private-sector non-farm employment and other subsets of the aggregate. 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 ...
The rate was the highest of any month since the BLS began tracking in 1948. According to BLS statistics, the unemployment rate was at 3.5% in Feb 2020, a month prior to the pandemic's start in the ...
US unemployment rate, 1973–1993. The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]
The youth unemployment rate was 18.5% in July 2009, the highest rate in that month since 1948. [190] The unemployment rate of young African Americans was 28.2% in May 2013. [191] The unemployment rate reached an all-time high of 14.7% in April 2020 before falling back to 11.1% in June 2020.
Josh Schafer. August 21, 2024 at 1:54 PM. The US economy employed 818,000 fewer people than originally reported as of March 2024, showing the labor market may have been cooling long before ...