Trump Unemployment Graph

In a previous article we looked at unemployment trends over the past 60 years.

Trump unemployment graph. Just to back to the previous three years under president barack obama. The average unemployment rate nearly three years into president trump s. No prior president has averaged less than 4 over the first 35 months of his presidency.

Support our journalism. Companies have pulled back on hiring workers as a result. The economy is growing at about the same pace as it did in obama s last years and unemployment while lower under trump has continued a trend that began in 2011.

Graph courtesy of jack woida u s. The economy grew more slowly than trump promised at a 2 1 rate most recently. The economy added 6 7 million jobs and unemployment fell to the lowest rate in half a century.

Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. Donald trump and his supporters routinely boast about his great success in reducing the unemployment rate. Stock prices hit.

While the unemployment. That s why the dow jones rally over the latest job numbers friday proves the stock market is clueless about where it s going. Unemployment rate graph since 1950.

Bureau of labor statistics. You don t have to go back far to find three years of better job growth than has been achieved under president donald trump. Even with 7 5 million jobs being added the past two months.

The quick and clean. This stat led to reports of 50 year unemployment lows and profuse presidential self congratulating. The graph shows the average unemployment rate in the first 35 months of each president s first term going back five decades.

In fact every record low unemployment rate since 1950 precedes a recession and bear market within an average of under 12 months. Unemployment happens when you re over 16 out of a job and searching for one. Obama s average was 7 44 and trump s as of late march 2020 4 8 the lowest since president johnson.