The official unemployment rate declined to 3.9 percent by December, a significantly lower number than the rate in January 2015 of 5.7 percent under former President Obama. Job growth has been remarkably consistent since the end of the recession in 2010. The 3.6 million jobs added in the 19 months since Trump took office are roughly comparable to the 3.9 million added in the previous 19 months under Obama. Job Growth by U.S. President, measured as cumulative percentage change from month after inauguration to end of term. Politicians and pundits frequently refer to the ability of the President of the United States to "create jobs" in the U.S. during his term in office. [1] President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That's compared to 143.4 million working at the end of the Bush administration. BLS benchmarking also brought the increase in real average weekly earnings for all workers down to 4.0 percent under Obama, one-tenth of a percentage point less than originally reported. A record 75 straight months of job growth under Obama. The Obama economy closed out with a low 4.7% unemployment rate. America's job market has made progress under Obama's watch. U.S
Job growth slowed a bit under Trump, but unemployment dropped to the lowest level in nearly half a century. The rate did rise during President Obama’s final two years, to 5.4 per 100,000 in
For some perspective, here's how big that job growth was: Obama averaged 109,000 jobs per month. That's far better than either President Bush experienced, but it's well below the 242,000 that Bill 1. Job gains. The U.S. economy typically added more than 250,000 jobs each month in 2014 and 227,000 a month in 2015. Over 29 months Obama added almost 1 million more jobs than Trump. Trump entered office on January 20, 2017, and starting with February 2017 he has been President for 29 months. Total job growth during that time has been 5.613 million or 194,000 per month with those results being helped by the tax cut. But that job growth is stretched over almost six full years, during which time the working age population grew by 15.8 million. In that respect, we've lost ground on jobs under Obama. What's more, that 14.4 million increase in jobs is measured against when the job market hit rock bottom in February 2010.
President Obama created 8.9 million jobs by the end of December 2016, a 6.2 percent increase. There were 152.3 million people employed at the end of his term. That's compared to 143.4 million working at the end of the Bush administration.
Oct 5, 2019 THE U.S. JOBLESS RATE HITTING A 50 YEAR LOW OF A 3.5% IS A SIGNAL THAT ACCORDING TO THE JOBS REPORT IN SEPTEMBER, WHERE JOBS WERE JOB GROWTH WAS INCREASING UNDER OBAMA AT A FASTER RATE THAN President Obama Remarks on Jobs and Manufacturing. Nov 4, 2016 Job growth in the state has been much stronger since President Barack Texas has added nearly 1.5 million private sector jobs under Obama, twice as Texas absorbed that influx and lowered its unemployment rate by Jan 27, 2017 Final US growth figures under Obama are a triumph – for Trump Activity expanded at an annualised rate of 1.9% in the fourth quarter, down from 3.5% in Obama's first job in 2009 was to stop the bleeding: halt the rise in Dec 23, 2016 During the past six years, there has been job growth each and every month, and a 5 percentage point drop in the unemployment rate. In part
But that job growth is stretched over almost six full years, during which time the working age population grew by 15.8 million. In that respect, we've lost ground on jobs under Obama. What's more, that 14.4 million increase in jobs is measured against when the job market hit rock bottom in February 2010.
Feb 7, 2020 You don't have to go back far to find three years of better job growth than has been achieved under President Donald Trump. Just to back to the
Feb 19, 2020 In order to measure and compare jobs growth during Obama's final rate of growth experienced during his predecessor's final three years in
Under President Barack Obama, the economy averaged an additional 109,000 jobs per month, and the administration oversaw 75 consecutive months of growth, the longest streak of total job growth on Trump boasts the US economy is the best it's ever been under his watch. Here are 9 charts showing how it compares to the Obama and Bush presidencies. Job growth slowed a bit under Trump, but unemployment dropped to the lowest level in nearly half a century. The rate did rise during President Obama’s final two years, to 5.4 per 100,000 in Another remarkable change under Trump was the increase in manufacturing jobs, growing 714 percent faster under Trump than over a comparable period under Obama. The report indicated that 32,000 2. Monthly Job Growth Was Higher under Obama Than in Trump’s First Two Years. Using Bureau of Labor Statistics data on the number of jobs in the economy each month, this figure shows the average monthly job gains, by year. 3. The Unemployment Rate Was Falling Faster under Obama in 2014 and 2015 than in Trump’s First Two Years