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However, the labor force participation rate ("LFPR") for that group continued a long-term downward trend, [2] falling from around 83% pre-crisis to 81% during Obama's tenure. [134] Between 2014 and 2015, real median household income grew 5.2%, or $2,800, the fastest growth on record.
President Barack Obama's economic team released a massive 447-page report (link opens PDF) on the economy last week. The introductory text describes what you might expect from such a report: The ...
The rate for Blacks, who comprised 13.2 percent of the population and 23.8 percent of America’s poor, however, remained stubbornly high at 18.8 percent, in part because the Trump administration ...
The labor force participation rate (LFPR) is defined as the number of persons in the labor force (i.e., employed and unemployed) divided by the civilian population (aged 16+). This ratio has steadily fallen from 67.3% in March 2000 to 62.5% by May 2016. [ 54 ]
The labor force participation rate, LFPR (or economic activity rate, EAR), is the ratio between the labor force and the overall size of their cohort (national population of the same age range). Much as in other countries in the West , the labor force participation rate in the U.S. increased significantly during the later half of the 20th ...
Joblessness is already at stratospheric levels, and the U.S. economy seems headed for another slowdown as even President Obama strikes a more downbeat note. The centerpiece of the administration's ...
For example, for President Obama, the computation takes the 145.815 million jobs of February 2017 and subtracts the 133.312 million jobs of February 2009 to arrive at the 12.503 million figure. Four of the top five presidents in terms of total jobs added were Democrats.
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.