Trump Unemployment Rate

The latest figures released by the bureau of labor statistics put the unemployment rate at 13 3 percent but like much of the info that comes from the trump administration the numbers may be misleading.

Trump unemployment rate. Obama s average was 7 44 and trump s as of late march 2020 4 8 the lowest since president johnson. This stat led to reports of 50 year unemployment lows and profuse presidential self congratulating. In his state of the union address he said he is proud that african.

It is actually a historically sure sign that the u s. The highest u 6 unemployment rate under trump was 22 8 in april. Full employment doesn t signal a strong economy at all.

Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. The quick and clean. Trump s worst nightmare isn t impeachment.

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

Including the misclassifications the rate would have been 27 6. Since president trump s election the unemployment rate for those without a high school degree has fallen at a faster rate than the unemployment rate for those with a bachelor s degree or higher. Economy is teetering on the edge of collapse.

Stock prices hit. Graph courtesy of jack woida u s. But the record low unemployment rate shouldn t give trump nor markets any comfort.

No prior president has averaged less than 4 over the first 35 months of his presidency. In a previous article we looked at unemployment trends over the past 60 years.