- Aug 4, 2009
- 281,398
- 142,688
- 2,615
It only gets worse from hereThe monthly unemployment rate for April 2020 was 14.7%. This is the 40th unemployment report with Trump in office, his 40th month recorded for this list. This brings Trump's average unemployment rate for his term in office to date, up from 3.96% in March 2020 to 4.23% in April 2020.
The President with the worst average unemployment rate since World War II is?
Gerald Ford: 7.77%
Average Unemployment Rates for US Presidents since after World War II:
01. Lyndon Johnson: 4.19%
02. Donald Trump: 4.23%
03. Harry Truman: 4.26%
04. Dwight Eisenhower: 4.89%
05. Richard Nixon: 5.00%
06. Bill Clinton: 5.20%
07. George W. Bush: 5.27%
08. John Kennedy: 5.98%
09. George H.W. Bush: 6.30%
10. Jimmy Carter: 6.54%
11. Barack Obama: 7.45%
12. Ronald Reagan: 7.54%
13. Gerald Ford: 7.77%
There are 8 months left in Trumps first Presidential term, assuming he completes it.
The labor force participation rate is at 60.2% for April 2020, down from 62.7% in March 2020. This is the lowest labor force participation rate since January 1973 when it stood at 60.0%.
The April unemployment rate of 14.7% is the highest since 1939 when the annual unemployment number was 17.2%. So this is the highest monthly unemployment rate in 81 years.
Trump loses his #1 position on the chart of the lowest average unemployment rates since World War II. Donald Trump may drop further down the chart over the next 8 months.