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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 ...
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 ...
In fact, according to the Bureau of Labor Statistics, the Black unemployment rate fell to 4.8% in April 2023 — an all-time low. Before that, the Black unemployment rate was as high as 10.2% in ...
The unemployment rate at the end of Trump's term would have been higher but for the 3.9 million people who dropped out of the labor force (i.e., stopped looking for a job) between February 2020 and January 2021 (and are thus not counted in the unemployment rate). [212]
The monthly jobs report for July that the Bureau of Labor Statistics released Friday said the jobless rate for Black Americans "showed little change." Trump said people of color 'just set a record ...
* 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.
The New York Times reported in August 2019 that: "The increasing levels of red ink stem from a steep falloff in federal revenue after Mr. Trump’s 2017 tax cuts, which lowered individual and corporate tax rates, resulting in far fewer tax dollars flowing to the Treasury Department. Tax revenues for 2018 and 2019 have fallen more than $430 ...
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.