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But the record low unemployment rate shouldn t give trump nor markets any comfort.
Trump unemployment rate lowest. South korea aggressively used hcq to treat coronavirus and now has among world s lowest death rate. No prior president has averaged less than 4 over the first 35 months of his presidency. Economy is teetering on the edge of collapse.
Full employment doesn t signal a strong economy at all. According to the council on economic advisors 35 states have unemployment rates below 4 percent up from 14 states when president trump was elected. The unemployment rate is the lowest it has been since may 1969 over 50 years ago.
Trump s worst nightmare isn t impeachment. President trump created the lowest levels of unemployment in 55 years. And 24 states achieved or matched their lowest ever unemployment rates during the trump administration.
It s the economy stupid. Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. The black unemployment rate reached its record low 5 4 last august but it was still nearly twice the rate it was for white people at that time.
Trump says 2020 was the lowest crime number in years. That meant 19 5 million black workers holding jobs 1. Trump s favorite selling point to black voters is their unemployment rate which had fallen to 5 1 last year the lowest on record.
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