U.S. UNEMPLOYMENT RATE LOWER THAN AT ANY POINT UNDER PREVIOUS ADMINISTRATION

Key Points:

  • The unemployment rate is now lower than at any point during the first term of the last administration.
  • The U.S. unemployment rate fell to 6.9% in October as the economy added 638,000 jobs.
  • At the same point in time under the previous administration, the unemployment rate was 7.2%.
  • The economy has recovered over 12.1M jobs with 6 months of consecutive gains, and the unemployment rate has fallen by 7.8% points from the peak in April.
Source