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Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The economy ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.
What was the unemployment rate under Trump? 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 unemployment rate fell by 2 percentage points under Obama versus 1.2 points under Trump. [32] ... Line chart showing unemployment rate trends from 2000 to 2017 ...
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 ]
Defying fears of a pandemic-driven Great Depression and bucking Federal Reserve interest rate hikes as well, the U.S. job market has hit what U.S. central bank officials are characterizing as a ...
The unemployment rate has fallen to even lower levels under Biden than it did for Trump. Unemployment has fallen 2.4 percentage points under Biden’s term so far, while rising 8.5 percentage ...
Further, job creation was slower under President Trump than comparable periods at the end of the Obama Administration. Many of Trump's claims about unemployment, labor force participation, and median household income were also false or exaggerated. [37] Writing in The New Yorker, John Cassidy described the opportunity costs of Trump's tax cuts:
The unemployment rate oscillated throughout the year but has remained mostly steady at around 4%. In July, the rate hit its highest level of 2024 — 4.3% — and triggered a closely tracked ...