President Trump starts off 2020 having presided over a lower average unemployment rate than any president at a comparable point in office in recorded history.
On Friday, the Bureau of Labor Statistics reported that the unemployment rate held steady at a historically low 3.5% in December. Since February 2017, Trump's first full month in office, the monthly unemployment rate has averaged 3.9%. No prior president has averaged less than 4% over the first 35 months of his presidency. The closest was Dwight Eisenhower, when the rate averaged 4.3% between February 1953 and December 1955.
Modern unemployment statistics did not start being kept until 1948, after Harry Truman's first 35 months in office, so this analysis only starts with Eisenhower. Nonetheless, it does point to the unprecedented nature of this consistently low level of unemployment.
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The rate is low because the statistic is rigged for a low rate result.
ReplyDeleteMany of us were born at night, but not last night.
The US Government lies about everything.
ReplyDeletePOTUS has zero control over employment.
He is a figurehead at this point.
Completely compromised and blackmailed to do the bidding of the financiers.
444pm
Deletethat's some good chit your smoking man
Warren’s skin is her sin in America.
ReplyDeleteAnonymous Anonymous said...
ReplyDeleteThe rate is low because the statistic is rigged for a low rate result.
Many of us were born at night, but not last night.
January 11, 2020 at 4:43 PM
Anonymous Anonymous said...
The US Government lies about everything.
POTUS has zero control over employment.
He is a figurehead at this point.
Completely compromised and blackmailed to do the bidding of the financiers.
January 11, 2020 at 4:44 PM
You sound like some young kid just repeating what he overheard someone else say. And your BOTH wrong.