[quote=spdrun]Most of the drop in unemployment was under Obama, Trump just continued the trend.
Unemployment rate peaked at 10.0% early in Obama’s term. Last full month of Obama’s presidency, rate was 4.7%. Fell to 3.8% under Trump.[/quote]
Of course. Obama was in office for 8 years, Trump 1 1/2.
The drop in unemployment rates under Obama was slower than it should have been because the economy was burdened with greater regulations, Dodd-Frank, Obamacare, and higher taxes. Trump has reversed many of these burdens so that, as the NY Times put it in a headline: “We ran out of words to describe how good the job numbers are”.
As for African-American unemployment, it fell from 6.6% in April to 5.9% in May, lowest for that group in history.
Look for more of the same. The Atlanta Fed predicts 2d Qtr. GNP will increase by a sizzling 4.8%. Under Obama, the average annual GDP growth rate was under 2%.
