A NEW RECORD HAS BEEN SET FOR THE LOWEST UNEMPLOYMENT IN DECADES! The Unemployment rate fell to just 3.4% in January 2023. That is the lowest unemployment rate since May 1969 when the unemployment rate was also 3.4%! You now have to go back to October 1953 to find a lower monthly unemployment rate, when the rate was 3.1% in that month.
The monthly unemployment rate for January 2023 was 3.4%. This is the 25th unemployment report with Biden in office, his 25th month recorded for this list. This brings Biden's average unemployment rate for his term in office to date, down from 4.50% in December 2022 to 4.46% in January 2023.
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: 4.46%
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 62.4% for January 2023, up from 62.3% in December 2022.
Joe Biden is on track to have the lowest average monthly unemployment rate of any U.S. President in history!