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The unemployment rate has fallen to even lower levels under Biden than it did for Trump. Unemployment has fallen 2.4 percentage points under Biden’s term so far, while rising 8.5 percentage ...
* 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.
To be fair, the nation’s jobless rate hit a half-century low of 3.5% during first Trump administration; but when Biden entered office, the unemployment rate was 6.8%. However, the historic ...
In January 2021—the final month of Donald Trump’s presidency—the U.S. Consumer Price Index (CPI) rose by a 1.4 percent annualized rate, compared to 3.2 percent in February 2024 under the ...
President Biden inherited a challenging economic and budgetary situation from President Donald Trump, due significantly to the COVID-19 pandemic.As of December 2020, the jobs level was nearly 10 million (6%) below the early 2020 peak, and the unemployment rate was an elevated 6.7%. [12]
Without mentioning that he was doing so, Trump was using a self-serving definition of “new jobs” that sharply reduced Biden’s total – and the “2.1 million” figure is much too low even ...
His unemployment rate is the fifth-lowest, but it is a full 2% higher than Johnson’s. He is fifth-highest for inflation, but at 4.7%, inflation during Reagan’s presidency was less than half of ...
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 ...