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This report exceeded expectations, with the unemployment rate ticking down to 4.1 percent. Economists projected the U.S. to gain 155,000 jobs and hold the jobless… Watch live: Biden to discuss ...
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 ...
In the 32nd month of Biden’s term (October 2023), unemployment hit 3.8 percent, compared with a 3.6 percent rate at the same point in Trump’s presidential era.
* 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.
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 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 ...
The U.S. added 661,000 jobs in the month of September, compared to the 859,000 expected. Though the unemployment rate did tick down to 7.9%, it’s still the worst economic backdrop ahead of an ...
[5] [6] Biden called on Congress to enact antitrust laws to rein in Big Tech. [7] [8] The creation of 12 million new jobs [9] and the unemployment rate. Other talking points mentioned include domestic semiconductor manufacturing, inflation, infrastructure, gun violence, and the Russian invasion of Ukraine. [10]