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Period of presidency Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican
The U.S. unemployment rate hit a 50-year low (3.5%) in February 2020, but just two months later hit a 90-year high (14.8%), matching Great Depression levels, due to the severe impact of the COVID-19 pandemic. [211] [217] Unemployment thereafter declined from the peak, and was 6.3% at the end of Trump's term. [211]
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. The rate was the highest of any month since the ...
Among the presidents from Jimmy Carter to Donald Trump, Bill Clinton created the most jobs at 18.6 million, while Ronald Reagan had the largest cumulative percentage increase in jobs at 15.6%. This computation treats the base month as the December before the month of inauguration and last month as December of the final full year in office. [2]
Ford’s presidency, which lasted just 895 days, saw the second-highest rate of unemployment — second only to George W. Bush, who served during the Great Recession.
The record unemployment rate reported on Friday captured the pain of a nation where tens of millions of jobs suddenly vanished, devastating the economy and forcing President Donald Trump to ...
For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma. Unemployment rates roughly doubled for all three groups during the 2008–2009 period, before steadily falling back to approximately their ...
The warning came during a closed-door lunch on Capitol Hill in which Steven Mnuchin presented a stimulus plan that could cost at least $1 trillion. Trump administration warns of 20 percent ...