Search results
Results From The WOW.Com Content Network
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 April of this year, the unemployment rate for Black Americans was 5.6 percent. Under Trump, the Black unemployment rate was about 8 percent between 2016 and 2020. From 2000 to 2015, it was 11 ...
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.
When the peak pandemic period (April 2020 to October 2021) is excluded, Black unemployment averaged 5.86 percent under Biden and 6.65 percent under Trump. Black homeownership averaged 42.2 percent ...
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 The Jobs and Growth Tax Relief Reconciliation Act of 2003 (" JGTRRA ", Pub. L. 108–27 (text) (PDF) , 117 Stat. 752 ), was passed by the United States Congress on May 23, 2003, and signed into law by President George W. Bush on May 28, 2003.
Under Trump, the unemployment rate for the group fell to 5.3% in September 2019 — a record low at the time. It dropped even further under President Joe Biden, to a new low of 4.8% in April 2023.
Unemployment rate change for each U.S. presidential term from 1949 (data from the Bureau of Labor Statistics) [10] President Political party Period of presidency Unemployment rate at start of presidential term Unemployment rate at end of presidential term Change in unemployment rate during presidential term (percentage points) Harry S. Truman
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 ...