Trump Unemployment Rate Graph

About his great success in reducing the unemployment rate.

Trump unemployment rate graph. In the above graph the dark blue bar represents the 13 3 reported by the bureau of labor statistics. In fact every record low unemployment rate since 1950 precedes a recession and bear market within an average of under 12 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 economy grew more slowly than trump promised at a 2 1 rate most recently. Stock prices hit. Including the misclassifications the rate would have been 27 6.

Trump s real record on unemployment in two graphs. The unemployment rate is ticking downward and job growth is holding steady but trump s ongoing trade wars sapped business confidence. That s why the dow jones rally over the latest job numbers friday proves the stock market is clueless about where it s going.

The unemployment rate has dropped steadily from its peak of 10 in late 2009. Companies have pulled back on hiring workers as a result. Graph courtesy of jack woida u s.

No prior president has averaged less than 4 over the first 35 months of his presidency. But economist steve rattner cautions that even that may not be showing the whole picture. Trump s latest official unemployment rate is a 13 3 percent.

You don t have to go back far to find three years of better job growth than has been achieved under president donald trump. The economy added 6 7 million jobs and unemployment fell to the lowest rate in half a century. While the unemployment rate did fall to low levels under trump this was just a.

Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9. Moreover while the unemployment rate dropped for white people from 14 2 percent to. Over the past 10 years it has fallen to 3 6 and has been bounced between 3 5 and 3 7 over the past nine months.