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The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed ...
In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
The New York Times reported some of the causes and consequences of higher black unemployment in February 2018: "Even at the low of 6.8 percent recorded in December [2017] — it climbed back to 7.7 percent in January — the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased ...
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 ...
According to the Bureau of Labor Statistics, the share of jobless African Americans in the labor force fell to 7.1%, the lowest level since April 2000.
The Biden White The post White House touts historic low Black unemployment rate appeared first on TheGrio. “It’s an incredible milestone,” Bharat Ramamurti, deputy director of the White ...
President Bush expanded public spending by 70 percent, more than double the increase under President Clinton. Bush was the first president in 176 years to continue an entire term without vetoing any legislation. [76] The tax cuts, recession, and increases in outlays all contributed to record budget deficits during the Bush administration. The ...
“One of the things that the president has done with his plan is make sure that we invest in Black […] The post White House takes victory lap as Black unemployment remains low appeared first on ...