Highlights:
- Under Donald Trump, the U.S. economy lost millions of jobs, earning him the worst jobs record of any president in recent history.
¶ Under Trump, The U.S. Economy Lost Millions Of Jobs, Earning Him The Worst Jobs Record Of Any President In Recent History
Under Trump, The Economy Lost 2.9 Million Jobs. According to FactCheck.org, “The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers. The economy lost 2.9 million jobs.” [FactCheck.org, 10/8/21]
Trump Left Office With A -0.5% Job Growth Rate Compared To 1% At The End Of The Obama Administration. According to Newsweek, “According to an analysis by Fortune, U.S. employment was increasing at an annualized rate of 1.5 percent before the pandemic hit, but Trump is leaving office with a -0.5 percent annualized job growth rate. By comparison, during President Barack Obama’s eight years in office, which included the Great Recession, U.S. employment showed 1 percent annualized growth.” [Newsweek, 1/19/21]
¶ Trump Ended His Term With Fewer Jobs Than When He Entered Office
Trump Ended His Term With Fewer Jobs Than When He Started. According to ABC News, “On the campaign trail, Trump claimed to be laser-focused on bringing back manufacturing and mining jobs, renegotiating trade deals that led to work disappearing overseas and curtailing immigration. […] Yet as he leaves after his one-term tenure, Trump has become the first president since Herbert Hoover during the Great Depression to depart office with fewer jobs in the country than when he entered.” [ABC News, 1/20/21]
¶ Trump’s Record On Jobs Was The Worst In Modern American History Among Presidents
The Trump Administration Ended With The Worst Employment Record In Modern American History. According to Newsweek, “Despite previous claims that he presided over the ‘greatest economy in the history of our country,’ Trump’s economic legacy was crippled in the last year of his term because of the coronavirus. The jobs report released by U.S. Bureau of Labor Statistics on January 8 shows his employment record will be the worst in modern American history.” [Newsweek, 1/19/21]
The Trump Administration Had The Worst Jobs Record In Modern American History.
[Washington Post, 1/8/21]
¶ Under Trump, Unemployment Grew by 1.6% To 6.3%
Unemployment Rose By 1.6% Under Trump To 6.3%. According to FactCheck.org, “The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers. […] The unemployment rate increased by 1.6 percentage points to 6.3%.” [FactCheck.org, 10/8/21]
USA Today: Trump Had The “Highest Unemployment Rate Preceding A Presidential Election Since The Government Began Tracking." According to USA Today, “The September numbers from the Labor Department report reflected a bounce-back in the economy; the unemployment rate reached 13.3% in May but fell to 7.9% in September. Nonetheless, this is the highest unemployment rate preceding a presidential election since the government began tracking monthly rates in 1948, according to CNN. Tracking job growth figures from Truman to Trump reveals unprecedented job losses during the Trump administration. CAP’s assertion that Trump is the worst jobs president in history appears to be true based on available data.” [USA Today, 11/6/20]
¶ Unemployment Grew To 1999 Levels Under Trump
Under Trump, The U.S. Was Set Back To 1999 Employment Levels. According to Fortune, “In a two-month period, February to April 2020, the unemployment rate soared to an 80-year high and the number of employed Americans fell from 152.5 million to 130.3 million. Those 22.2 million job losses set U.S. employment back to 1999 levels.” [Fortune, 1/11/21]