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RE: Didn't unemployment reach 3.5%
Posted on: November 4, 2022 at 15:01:46 CT
JayHoaxH8r MU
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Employment — A record eight years and four months of monthly job gains — dating to October 2010 — ended February 2019, roughly a year before the pandemic. The U.S. lost 50,000 jobs that month. The U.S. would go on to add 2 million jobs in 2019, but that was the lowest annual growth since 2010.
And then the novel coronavirus struck. In two months, March and April 2020, the U.S. economy lost a staggering 22.4 million jobs.
Most of those jobs (56%) would return before Trump left office. But he ended his presidency with an economy that had 2.9 million fewer jobs than when he started — becoming the first president in modern times to experience a net loss of jobs over his time in office, according to the Bureau of Labor Statistics, which has monthly employment figures dating to 1939.
And then the novel coronavirus struck. In two months, March and April 2020, the U.S. economy lost a staggering 22.4 million jobs.
Most of those jobs (56%) would return before Trump left office. But he ended his presidency with an economy that had 2.9 million fewer jobs than when he started — becoming the first president in modern times to experience a net loss of jobs over his time in office, according to the Bureau of Labor Statistics, which has monthly employment figures dating to 1939.
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RE: Didn't unemployment reach 3.5% - JayHoaxH8r MU - 11/4 15:01:46