U2Edge
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- Sep 15, 2012
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The monthly unemployment rate for November 2019 was 3.5%. This is the 35th unemployment report with Trump in office, his 35th month recorded for this list. This brings Trump's average unemployment rate for his term in office to date, down from 3.997% in October 2019 to 3.98% in November 2019.
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. Donald Trump: 3.98%
02. Lyndon Johnson: 4.19%
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 13 months left in Trumps first Presidential term, assuming he completes it.
The labor force participation rate is at 63.2% for November 2019, down from 63.3% for October 2019.
Why do you keep posting this information which conflicts with your deep-seated hatred of all things Trump? You destroy every other anti-Trump post you make by your extreme hypocrisy. It is a strong sign of schizophrenia. Have you sought professional help?
This is raw data from the Bureau of Labor Statistics. It does not tell you to what degree the President in office was responsible for such economic data. That is a more complex question. While the numbers under Donald Trump are historically the best, he did come into office with unemployment already low by historic standards at 4.7%. In addition, many of Trump's policies, restricting immigration and raising trade tariffs and other protectionist policies are actually harmful to the economy. So one could claim the economy has done well, despite Trump's policies.
In addition, much of the low unemployment rates seen during Obama's 2nd term and the current Trump term are likely do to the fall in labor force participation rates. The retirement of the baby boom generation along with the smaller generations that come behind it is likely heavily contributing to the low unemployment rates and labor shortages currently seen.
Real Quarterly GDP growth so far under Trump has averaged 2.59%. While that is better than the average of the two previous Presidents, its still not spectacular and is well off the average 3%+ growth that Trump promised in 2016.