Trump Unemployment Rate Graph

Trump s latest official unemployment rate is a 13 3 percent.

Trump unemployment rate graph. No prior president has averaged less than 4 over the first 35 months of his presidency. Including the misclassifications the rate would have been 27 6. That s why the dow jones rally over the latest job numbers friday proves the stock market is clueless about where it s going.

The unemployment rate is ticking downward and job growth is holding steady but trump s ongoing trade wars sapped business confidence. About his great success in reducing the unemployment rate. The economy added 6 7 million jobs and unemployment fell to the lowest rate in half a century.

The us unemployment rate dropped to 10 2 percent in july of 2020 from 11 1 percent in june and below market expectations of 10 5 percent as many businesses continued to reopen and rehire employees following covid 19 lockdowns. Civilian unemployment rate seasonally adjusted. Stock prices hit.

The economy grew more slowly than trump promised at a 2 1 rate most recently. Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. Go to selected chart.

Civilian unemployment rate charts related to the latest the employment situation news release more chart packages. In fact every record low unemployment rate since 1950 precedes a recession and bear market within an average of under 12 months. However the jobless rate remains above the global financial crisis peak of 10 0 and more than.

Month total men 20 years and over. 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. In the above graph the dark blue bar represents the 13 3 reported by the bureau of labor statistics.

The highest u 6 unemployment rate under trump was 22 8 in april. Unemployment rate graph since 1950. Trump s real record on unemployment in two graphs.

While the unemployment rate did fall to low levels under trump this was just a. Graph courtesy of jack woida u s. Moreover while the unemployment rate dropped for white people from 14 2 percent to.