Unemployment was at 3.5% in February 2020, rising to 14% by April during COVID rise, and falling to 7.9% by September 2020, continuing to decline.
UNEMPLOYMENT IMPROVING / RATES DROPPING
Since 2017, the beginning of the Trump Administration, through December 2019, there has
been record low unemployment for Women, African-Americans, Hispanic-Americans, and
Asian-Americans. In less than 4 years, every ethnic group's unemployment rate has improved.
Unemployment Rate at historic lows as of December 2019, pre-COVID:
US unemployment rate lowest ever recorded since 1960
Women’s unemployment rate is at a 65-year low
Youth unemployment rate is at a 50-year low
African-American unemployment rate is at 5.9%.
The Hispanic-American unemployment rate is at a near record low of 4.2%.
The Asian-American unemployment rate is at 2.5%, near a historic low.
The adult women’s unemployment rate hit 3.2%, the lowest since 1953.
Unemployment Rate in the US averaged 5.76% from 1948 through 2020.
Unemployment and Jobs Trend:
10% in October 2009 – under the Obama-Biden Administration
3.5% in February 2020 – under Trump-Pence before COVID hit the USA
14.7% in April 2020 – lost 20.5 million jobs
13.3% in May 2020 – added 2.5 million jobs
11.1% in June 2020 – added 4.8 million jobs – the largest single-month gain in US history
10.2% in July 2020 – added 1.8 million jobs
8.4% in August 2020 – Under Trump-Pence after COVID hit the USA
7.9% in September 2020 per the US Bureau of Labor Statistics as of Sept 30, 2020
Unemployment Decreasing each month as US opens businesses after COVID shutdowns.
Pledge to America’s Workers launched by Trump in 2018, boosted private sector’s role in training more than 4 million American workers.