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That held true even though wages rose faster under Biden than during Trump’s time in office. Wage growth has since slowed, but the inflation rate has fallen faster, allowing income gains to keep ...
The Nasdaq rose from 5,540.08 to 13,197.18 during the Trump administration, an increase of 138.2 percent. Under Biden, the same index has risen from 13,197.18 on the day of his inauguration to ...
Was the cost of living lower during Donald Trump’s tenure or Joe Biden’s presidency? PolitiFact checks a post claiming to answer that question.
* 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.
While wages and salaries for private-industry workers have grown faster under Biden (15 percent between the first quarter of 2021 and first quarter of 2024) than Trump (9.4 percent between the ...
Real wage growth turned negative in June 2018, as the inflation rate was higher than nominal wage growth, continuing into July. [229] [230] On September 5, 2018, Trump's top economist Kevin Hassett released new analysis indicating that real wage growth under Trump was higher than previously reported. However, the new analysis also showed that ...
The number of uninsured under age 65 fell from 31.2 million in 2020 under President Trump, to 27.0 million during the first half of 2022 under President Biden, a reduction of 3.2 million or 13%. The percentage of uninsured fell from 11.5% to 9.9% during that time. [36]
Specifically, we compared the current levels of both measurements to their levels in December 2020, right before Biden took office. During that period, inflation increased by 4.8%.