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Inflation rose to a high of 4.7% during Johnson's presidency in 1968 (it reached 6.2% in 1969, but he was only president for the first 20 days of the year, of course).
For the 13 presidents beginning with Truman, total job creation was about 70.5 million for the 7 Democratic presidents and 29.1 million for the 6 Republican presidents. The Democratic presidents were in office for a total of 429 months, with 164,000 jobs per month added on average, while the Republicans were in office for 475 months, with a ...
Average Annual Inflation Rate: 2.8% George W. Bush’s term was characterized by periods of recession — first in 2001, then in 2008 — which kept inflation in check.
No president directly controls the inflation rate or the cost of goods and services, but fair or not, the Oval Office's occupant gets credit when prices fall and blame when they rise. Trending Now:...
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
Index = Unemployment rate + Inflation rate (lower number is better) President Time Period Average Low High Start End Change Harry Truman: 1948–1952: 7.88: 3.45 ...
However, in real (inflation-adjusted) terms, the growth rate was faster at 1.6% in 2015–2016 versus the 0.3% in 2017–2018, as inflation was higher in the latter period. For all employees, which includes higher wage managers, the pattern is similar, with faster nominal growth in 2017–2018 at 2.7% versus 2015–2016 at 2.4%, but slower real ...
As a Democratic president in the 1970s, Carter had to deal with surging inflation, as Biden does now. ... The five charts below show how the two presidents compare on growth in total employment ...