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The unemployment rate peaked at 10 2 in october 2009 during the recession and 8 7 million jobs were lost from early 2007 and 2010 according to the center for budget and policy priorities.
Trump unemployment rate in 2019. The most recent. The black unemployment rate fell to a record low in august helped by a jump in the number of black women on the job. Finished the year with the.
The unemployment rate for asian americans was 2 5 in september. Economic growth fell far short of the annual 4 to 6 trump promised. The economy added 6 million jobs and the unemployment rate dropped to the lowest level in nearly 50 years.
Federal reserve economic data this pattern is not uncommon. And while the december 2019 black unemployment rate ticked up slightly to 5 9 it reached just 5 4 in august and is down from 7 5 at the start of trump s term in january 2017. Differences in the unemployment rate between blacks and whites and between hispanics and whites reached record lows in 2019 source.
The lowest unemployment rates on record were matched or set in september 2019 for african americans hispanics and people with disabilities. And 24 states achieved or matched their lowest ever unemployment rates during the trump administration the biggest area of improvement in 2019 especially for all races including blacks has been the decrease of the unemployment rate for those with less than high school which is much lower than prior cycles today at 5 4 percent.
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