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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 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 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 ...
The unemployment rate stayed below 4% for more than two years, the longest such stretch of time since the 1960s. But it’s since gone above 4% as cracks in the labor market are starting to form ...
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 ...
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 ...
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.