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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 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 ...
* 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.
Trump job numbers vs. Biden-Harris job numbers ... The unemployment rate was 6.7% at the end of his term, up two percentage points from the start of the term. ... compared to 8.7% at the same ...
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 ...
On the final day of the Trump presidency, the average 30-year fixed mortgage rate was approximately 2.84 percent. On March 26, 2024, the same rate sat at approximately 6.75 percent. Average Rent
Because the economy was flat on its back, 15% unemployment," Biden said. In truth, the unemployment rate was 6.4% in January of 2021. It has since fallen to 4%. ... CNN moderators in Biden-Trump ...