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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: 1953–1961 2.9% ...
Under Carter, the unemployment rate declined from 8.1% when he took office to 5.7% by July 1978, [153] [154] but during the early 1980s recession it returned to its pre-1977 level. [155] The Bureau of Labor Statistics (BLS) measured a 6.6% unemployment rate average during the Carter administration. [ 156 ]
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 61,000 jobs added per month average. The table below summarizes the results for the past seven presidents, with data through January 2021 for President Trump: [5]
For nearly two years, Texas has led the country in job growth, most recently adding more than 400,000 new jobs between August 2022 and 2023, according to a Department of Labor Statistics report ...
The Economic Stimulus Appropriations Act of 1977 was a stimulus package enacted by the 95th Congress and signed into law by President Jimmy Carter on 13 May 1977. [1] Developed in response to the longest and deepest economic recession post World War II, the primary objective of the stimulus package was to provide the economy with a boost.
The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an ...
Like the unemployment level, the number of Americans collecting continuing unemployment benefits peaked at 23.1 million in early May 2020, only a few weeks into the pandemic’s initial burst.
The unemployment rate when Trump took office was 4.7%; when Trump left office, the unemployment rate was 6.3%, [211] which is above the median historical norm (5.6% is the median U.S. unemployment rate for all months since 1948). [212]