Trump Unemployment Rate

But the record low unemployment rate shouldn t give trump nor markets any comfort.

Trump unemployment rate. 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. 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.

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. Graph courtesy of jack woida u s. Since february 2017 trump s first full month in office the monthly unemployment rate has averaged 3 9.

It is actually a historically sure sign that the u s. The economy added 6 7 million jobs and unemployment fell to the lowest rate in half a century. It s the economy stupid.

President donald trump took a victory lap on news of a 13 3 us unemployment rate friday beginning what he had billed as rose garden news conference though he didn t take questions with. On wednesday in a white house meeting with black administration officials media personalities and community leaders trump acknowledged that his job numbers are no longer good. Economy is teetering on the edge of collapse.

Stock prices hit. The highest u 6 unemployment rate under trump was 22 8 in april. He noted that he d had the best unemployment rate in history just before the plague came in and it s going to be back again soon.

No prior president has averaged less than 4 over the first 35 months of his presidency.