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President Joe Biden will leave the White House with a strong economy, ... the unemployment rate hit a nearly 54-year low of 3.4% in January 2023. ... the highest rate since 1982 for a similar ...
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
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 ...
Ford’s presidency, which lasted just 895 days, saw the second-highest rate of unemployment — second only to George W. Bush, who served during the Great Recession.
The big exception to those positive trends is inflation. Prices rose rapidly during Biden’s first two years in office, reaching the highest rate in more than 40 years in the summer of 2022.
First, even when the inflation rate hit its Biden-era peak in June 2022, that 9.1% rate was the highest since 1981 – between 40 and 41 years prior, not “50 years” or “over 50 years” as ...
On Feb. 4, President Joe Biden took a victory lap when a blockbuster January jobs report defied the White House's own low expectations for that month's employment numbers. Analysts had predicted ...
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.