That figure, which includes salaried managers and supervisors, was 4.0 percent higher in the month Obama left office than it was in the month he first entered the White House. “Income, Poverty and Health Insurance Coverage in the United States: 2016.” 12 Sep 2017. That’s a decline of 38 percent since 2008. Employment continued to be strong under Trump — until the pandemic hit. To some extent, the gain under Obama represents a rebound from an unusually depressed level. That was $2,963 more in “real” (inflation-adjusted) dollars than in 2008, for an overall gain of 5.3 percent.
The … You may opt-out by. Obama promised in his 2010 State of the Union address to “double our exports over the next five years.” That didn’t happen. A lot of this growth has been driven by the Federal Reserve. As the labor market tightened, many employers gave a chance to workers they were not looking at before, such as those without college degrees. Profits had surged under George W. Bush as well, but when Obama took office they had plunged from their previous peak in 2006, due to the financial crisis and ensuing economic downturn. Centers for Disease Control and Prevention; National Health Interview Survey. Opinions expressed by Forbes Contributors are their own. While there’s ongoing debate about how much influence presidents really have over the economy, the charts below illustrate the trends under then-President Barack Obama and Trump. It was 4.2 percent higher for just, In 2016, production of pistols and revolvers totaled 5,576,366 according to, by the Bureau of Alcohol, Tobacco, Firearms and Explosives. The number of people receiving food aid under the Supplemental Nutrition Assistance Program (formerly known as “food stamps”) rose by a third under Obama. The FBI revised the 2016 homicide rate to 5.4 percent from the 5.3 percent originally reported. There was good news in June’s jobs report with 4.8 million of the 22 million people who lost their jobs from February to April regaining them. As the unemployment rate continued to decrease, confidence hit levels not seen since the late 1990s in early 2020. Job Openings and Labor Turnover Survey: Job Openings, Seasonally Adjusted, Labor Force Statistics from the Current Population Survey; Labor Force Participation Rate, Income, Poverty and Health Insurance Coverage in the United States: 2016. But as the economy reopened, many jobs came back. U.S. Energy Information Administration. Note: For these historical comparisons, we’ve begun with the inauguration of Harry Truman in 1949, when he became the first president elected after the end of World War II. Job gains (and losses) The United States experienced some of its best years of job gains in 2014 … For years, their incomes remained lower than in the late 1990s, once the cost of living was taken into account. To be sure, premiums rose twice as fast before Obama took office. From there they climbed even higher, setting more new annual records in 2012 and 2014, when they reached $1.86 trillion. That brought the total number remaining to 41. The U.S. generated nearly 43 times more electricity from solar power in 2016 than in 2008.