Trump Unemployment Graph

The graph shows the average unemployment rate in the first 35 months of each president s first term going back five decades.

Trump unemployment graph. Support our journalism. You don t have to go back far to find three years of better job growth than has been achieved under president donald trump. Even with 7 5 million jobs being added the past two months.

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. The unemployment rate is ticking downward and job growth is holding steady but trump s ongoing trade wars sapped business confidence. Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9.

No prior president has averaged less than 4 over the first 35 months of his presidency. The economy grew more slowly than trump promised at a 2 1 rate most recently. While the unemployment.

Companies have pulled back on hiring workers as a result. Donald trump and his supporters routinely boast about his great success in reducing the unemployment rate. In fact every record low unemployment rate since 1950 precedes a recession and bear market within an average of under 12 months.

This is a picture of what happens when a huge swath of the economy comes to a very sudden stop. Unemployment rate graph since 1950. Trump s real record on unemployment in two graphs by dean baker.

Stock prices hit. The economy added 6 7 million jobs and unemployment fell to the lowest rate in half a century. Graph courtesy of jack woida u s.

Bureau of labor statistics. It s the most stunning chart of this crisis yet the number of people filing for unemployment spiked to 3 3 million last week a number unprecedented in u s. Just to back to the previous three years under president barack obama.