what was unemployment rate during obama
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Unemployment Rate Down 0.5% in 56 Months Since Obama Became President (Associated Press photo) (CNSNews.com) – Over the last 56 months – since Barack Obama became president in January 2009 --unemployment has dropped 0.5%, from a rate of 7.8% in January 2009 down to 7.3% in August 2013, according to the latest numbers from the Bureau of Labor Statistics (BLS).
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Obamaâs Numbers (January 2015 Update) Bush’s record suffered from a loss of nearly 4.4 million jobs in the last 12 months of his presidency, and we can’t say what the last two years of Obama’s tenure will bring. The official unemployment rate has now dipped to 5.6 percent, which is 2.2 percentage points below where it was when Obama first took office. It is not only the lowest jobless rate in six years — it is slightly better than the historical average. Since 1948, the monthly jobless rate has averaged 5.8 percent.
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Presidential Approval Ratings -- Gallup Historical Statistics and Trends Barack Obama's average job approval rating during his eight years in office, 47.9%, ranks among the lowest in Gallup history. But he finished strong with 59% approval in Gallup's final measurement. Barack Obama's average job approval rating during his eight years in office, 47.9%, ranks among the lowest in Gallup history.
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- His business empire, called David T.K. Ho Enterprises, includes MCL Cars, the city's top Jaguar, Porsche and Range Rover outlet, DTKH Robson Developments, a property development firm, and South Alder Greenhouses.
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Obamas pick Kalorama mansion in D.C. as home post-White House Renting a home instead of buying, even in expensive Washington, may raise some eyebrows. Under President Obama, home ownership rates have fallen to the third-lowest level on record, 63.6%, down from 67.8% at the beginning of the Great Recession and close to the 25-year low set in 2015.
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Current U-6 Unemployment Rate As you can see from the chart below, the unadjusted U-6 unemployment rate was 15.2% in December 2011 and 14.4% in December 2012. By July it bounced up again to 15.2% and in October the U-6 miraculously fell back to 13.9% just in time for the election. But by January 2013 it was back to 15.4%.
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Presidential market scoreboard: Reagan to Obama Reaganomics is a term that is still used in economic and political conversations. When President Reagan took office, the headline unemployment rate was 7.5 percent. Unemployment crept as high as 10.8 percent in December and January of his second year as president, but fell to 5.4 percent by the time he left.
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- The unemployment rate was 9.5% when the economy emerged from the 11 th postwar recession in June 2009. It climbed further to peak at 10.0% in October 2009. The rate has slowly declined since then. Although it dropped below 8% in the fourth quarter of 2012, the unemployment rate remains high by historical standards.n that case, it took only eight months for the unemployment rate to fall more than one percentage point (to a still high 9.4%). A debate recently broke out over the applicability of Okun’s law to changes in economic growth and the unemployment rate.
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Inside The Obama Stock Market's 235% Return But even the energy sector managed to stay in positive territory and eke out a 53% return during Obama’s presidency. Both Silicon Valley and Wall Street did well under Obama. Information technology was the second-best performing sector of the U.S. stock market during the Obama presidency, returning 285%.
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Obamanomics While Asians and Whites experienced rates below the national. average, the unemployment rates among Blacks and Hispanics were well above the average. In fact, the unemployment rates for Blacks were over 60 percent higher than the national. average and more than 70 percent higher than Whites, sometimes more than double.
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Presidential market scoreboard: Reagan to Obama When President Reagan took office, the headline unemployment rate was 7.5 percent. Unemployment crept as high as 10.8 percent in December and January of his second year as president, but fell to 5.4 percent by the time he left. This second year — 1982 — was the only year the economy really got worse under his watch.
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Trump Wildly Inflates Unemployment Trump Wildly Inflates Unemployment. Donald Trump said he “heard” the unemployment rate was really 42 percent. It’s not. That figure would include retirees, teenagers, stay-at-home parents and anyone else who doesn’t need or want to work. The unemployment rate is actually 4.9 percent for January.
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President Obama is leaving office on a very high note How Obama's ratings stack up historically. Obama's final job approval mark is well above the 50 percent average for presidents from Franklin Roosevelt onward, and nearly twice as high as the 33 percent approval of his immediate predecessor, George W. Bush, as he left office in 2009.
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Donald Trump: Unemployment rate could be 42% Donald Trump's wild claim: Unemployment is 42%. The official U.S. unemployment rate is 5.1% -- the lowest in seven years -- but Donald Trump calls that a joke.. On Monday, he claimed he'd seen numbers that show America's real unemployment rate is as high as 42%. How does he arrive at such a wild figure?
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Trump Takes Undue Credit on Black Unemployment The unemployment rate had fallen to 4.8 percent when Trump took office in January 2017, and has continued to decline under Trump’s leadership, to 4.1 percent in December. Meanwhile, however, the gap between white and black unemployment remains largely unchanged under Trump.
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The Unemployment Rate at Full Employment: How Low Can You Go? We think we can do better. Our work suggests that 4 percent — the average unemployment rate for 2000, the last time we were at full employment — is a reasonable target, one worth shooting for. As we’ll stress in a moment, despite all the point estimates out there, neither we nor anyone else knows the precise answer.n this research, the coefficient on the unemployment rate variable in a Phillips Curve is around 0.3, which means that if the unemployment rate is below the Nairu by a full percentage point for a full year, we would expect to see a 0.3 percentage point increase in the inflation rate.
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Good news: Unemployment at lowest in 7 years February's job growth shows how far the economy has come in a year. It's the 12th straight month that the economy has gained over 200,000 jobs, and the unemployment rate fell to 5.5%. That's the lowest unemployment rate since May 2008 -- before the financial crisis. Unemployment has come a long way from a year ago when it was 6.7%. We have the wind at our back and confidence across so many sectors of our economy, says U.S. Secretary of Labor Tom Perez.
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Obama Now Exceeds Jimmy Carter on Gasoline Price Increases In fact, while just barely, Obama has seen an even higher gas price increase than Carter dealt with under his administration. Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent.
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Unemployment Expected to Drop to 3.5 Percent By End of 2019 Unemployment will be down to 3.5 percent by the end of 2019, according to Goldman Sachs economists. Unemployment will be down to 3.5 percent by the end of 2019, according to Goldman Sachs economists. The drop is in dramatic contrast to the 10 percent unemployment rate of the Great Recession. The country will have gone from the weakest labor market in postwar U.S. history to one of the tightest, wrote Goldman Sachs chief economist Jan Hatzius in the Friday report. President Trump tweeted that an economic boom is expected in 2018. Under President Trump unemployment rate will drop below 4%. Analysts predict economic boom for 2018!
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Remarks by the President on the Economy In the decade before Obamacare, employer-based premiums grew by an average of 8 percent a year. That meant you were paying that much more every year for health insurance. Last year, they grew by 4 percent -- half as fast as they were growing.
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The Big Crunch The U-6 rate also stayed level in December at 9.9 percent. Overall, the U-6 has been more volatile than the unemployment rate since the recession. It's down 130 basis points over the past year, versus a 60-basis-point drop in the U-3.
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- This resulted from slow annual growth in real GDP of 0.1% in the first quarter, 2.5% in the second quarter, and 1.3% in the third quarter of 2011. 13 Output growth accelerated at an annual rate of 4.1% in the fourth quarter of 2011, and the unemployment rate resumed its downward trend—dropping to 8.5% in December 2011.n that case, it took only eight months for the unemployment rate to fall more than one percentage point (to a still high 9.4%). A debate recently broke out over the applicability of Okun’s law to changes in economic growth and the unemployment rate.
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- Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that the U.S. economy has almost fully “recovered” since the last recession.
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Fallopian Tube Cancer The fallopian tubes connect the ovaries and the uterus. Fallopian tube cancer occurs when cells in a tube multiply out of control and form a tumor. As the tumor grows, it presses on the tube, stretching it and causing pain. Over time, the cancer can spread throughout the pelvis and abdomen. This cancer is very rare.
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Obama's 47 Percent Approval Lowest of Any President at This Point Obama's 47 Percent Approval Lowest of Any President at This Point. President Obama's job approval rating has fallen to 47 percent in the latest Gallup poll, the lowest ever recorded for any president at this point in his term. Jimmy Carter, Gerald Ford and even Richard Nixon all had higher approval ratings 10-and-a-half months into their presidencies. Obama's immediate predecessor, President George W. Bush, had an approval rating of 86 percent, or 39 points higher than Obama at this stage. Bush's support came shortly after he launched the war in Afghanistan in response to the terror attacks of Sept. 11, 2001.
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Sen. Cruz: Minimum Wage Hike Would Cost Jobs for Young People, Hispanics, African Americans (CNSNews.com) – President Barack Obama’s proposal to raise the minimum wage to $9 an hour from the current $7.25 would harm the economy, some Republicans said Tuesday after the State of the Union address.Unemployment among young people will go up if the minimum wage goes up as President Obama says. Unemployment among Hispanics, among African Americans, among those struggling to get their first job to climb the economic ladder, will go up.”.