Unemployment Rate Bush To Trump

The unemployment rate is at a.

Unemployment rate bush to trump. No prior president has averaged less. The record unemployment rate reflects a nation ravaged by the coronavirus pandemic the economic devastation upending the presidential campaign and forcing president donald trump to overcome. Bush s presidency and sometimes trump gets that right sometimes he gets it wrong.

Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. You don t have to go back far to find three years of better job growth than has been achieved under president donald trump. There were 1 8 million jobs added in the month as the country continues to grapple with the effects of the coronavirus pandemic.

Just to back to the previous three years under president barack obama. From there black unemployment began a 53 decline which continued during the rest of the obama administration to 7 9. Unemployment rate dropped to 10 2 in july falling slightly below june s 11 1 according to the bureau of labor statistics.

By september 2019 black unemployment was 5 5. Philip klein of the washington examiner notes since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. The current rate is the lowest in 16 years at the start of george w.

That rate had grown to 7 8 percent when he left office eight years later and hit 8 3 percent in the first full month of. The unemployment rate shows pretty much the same progression from president obama to president trump. This was a result of the economic recovery that took place under obama and continued during the trump administration declining an additional 31 under trump reaching record lows.

This is the official unemployment rate which is the proportion of the civilian labor force that is unemployed but actively seeking employment. This is the official unemployment rate that is adjusted for discouraged workers. Bush inherited 4 2 percent unemployment in january 2001.