The monthly unemployment rate for December 2022 was 3.5%. This is the 24th unemployment report with Biden in office, his 24th month recorded for this list. This brings Biden's average unemployment rate for his term in office to date, down from 4.55% in November 2022 to 4.50% in December 2022.
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. Harry Truman: 4.26%
03. Joe Biden: 4.50%
04. Dwight Eisenhower: 4.89%
05. Richard Nixon: 5.00%
06. Donald Trump: 5.01%
07. Bill Clinton: 5.20%
08. George W. Bush: 5.27%
09. John Kennedy: 5.98%
10. George H.W. Bush: 6.30%
11. Jimmy Carter: 6.54%
12. Barack Obama: 7.45%
13. Ronald Reagan: 7.54%
14. Gerald Ford: 7.77%
The labor force Participation rate was 62.3% for December 2022, up from 62.2% in November 2022.
Joe Biden is on track to have the lowest average monthly unemployment rate of any U.S. President in history!