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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
Jimmy Carter (1977-81) GDP growth: 4.6% Unemployment rate: 7.4% Inflation rate: 11.8% Poverty rate: 13% Real disposable income per capita: $21,891 Jimmy Carter served for four years, from 1977 to ...
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.
President Joe Biden will leave the White House with a strong economy, ... the unemployment rate hit a nearly 54-year low of 3.4% in January 2023. ... the highest rate since 1982 for a similar ...
The first year of the Biden presidency (2021) saw strong growth in real GDP, wages, employment, stock market returns, and household net worth, coupled with an increase in inflation, as the economy recovered from the pandemic recession of 2020. During 2022–2023, the unemployment rate averaged 3.6%.
Yet, unemployment has been starting to edge higher under Biden, as the job market catches up to the highest interest rates from the Fed in over two decades. In the 32nd month of Biden’s term ...
Joe Biden, a Democrat from Delaware, was elected President of the United States on November 3, 2020.He was inaugurated on January 20, 2021, as the nation's 46th president, and his presidency ended on January 20, 2025, with the second inauguration of Donald Trump.
First, even when the inflation rate hit its Biden-era peak in June 2022, that 9.1% rate was the highest since 1981 – between 40 and 41 years prior, not “50 years” or “over 50 years” as ...