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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
Ronald Reagan (1981-89) GDP growth: 2.1% Unemployment rate: 5.4% Inflation rate: 4.7% Poverty rate: 13.1% Real disposable income per capita: $27,080 Reagan’s presidency was marked mostly by ...
His presidency had by far the highest GDP growth, more than 1% higher than President Joe Biden thus far. But he also had the highest inflation rate and the third-highest unemployment rate. He is ...
President Joe Biden will leave the White ... the unemployment rate hit a nearly 54-year low of 3.4% in January 2023. ... monetary-tightening policies in recent history, bringing interest rates to ...
Annual rate of change of unemployment rate over presidential terms in office. From President Truman onward, the unemployment rate fell by 0.8% with a Democratic president on average, while it rose 1.1% with a Republican. [27] Job creation is reported monthly and receives significant media attention, as a proxy for the overall health of the economy.
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%.
The unemployment rate fell from 4.2% to 4.1% as the labor market ended the year on a solid footing, reinforcing views that the Federal Reserve would keep interest rates unchanged this month.
Arizona. Trump currently leads Biden by six points in the Grand Canyon State. Unemployment: Arizona’s unemployment rate is 3.4%, compared to 4.9% in 2019 under former President Trump. Personal ...