![]() ![]() The broad Standard & Poor’s 500 index jumped by an annual average of 14.7% from the end of December 2016 to year-end 2019 - about double the gain in the comparable period of Obama’s last three years.īut only a small percentage of Americans own substantial amounts of securities, and market fluctuations have relatively little impact on their daily lives. One measure that has clearly outperformed under Trump is the stock market. Looking at just the last three years of the Obama administration, median income grew by 8.4%, a slightly faster pace than during Trump’s first three years as president. It wasn’t until 2013 that household income stopped bleeding and a recovery began. That’s technically correct - median income, adjusted for inflation, went up 5.8% from 2008 to 2016 versus 7.8% from 2016 to 2019, according to the Census Bureau.īut that doesn’t take into account that Obama and Vice President Joe Biden entered office in the middle of the Great Recession. In recent months, the Trump campaign has talked about how American household incomes rose faster during Trump’s first three years in office than during the entire eight-year period under Obama. But economists note that the actual change in unemployment rates over their respective three-year periods was bigger under Obama than under Trump. It’s true that the nation’s unemployment rate fell to a half-century low of 3.5% before the coronavirus outbreak in March, and that jobless figures for Latinos, Blacks and Asians also dropped to the lowest level on record. That compared with 1.13 million construction and manufacturing jobs gained from 2014 to 2016, according to the Bureau of Labor Statistics. But even here, the difference isn’t much at all.įrom the end of 2016 to the close of 2019, the nation added 1.27 million jobs in the blue-collar industries of construction and manufacturing, although factory jobs flattened in 2019 thanks in part to Trump’s trade war with China. (Due the amount of requests, we must limit inquiries and responses to media representatives only.Trump has often bragged about his record on production jobs, which has particular appeal to his working-class base and to voters in the Midwest. If that is of interest to you, please contact us. We are happy to share the raw data and methodologies we use with any media organization that wants to link to or share our charts and data. Want to share our charts but need to verify our data? What’s the best way to interpret the facts and data on Facts First?.What is the difference between cumulative and annualized performance?. ![]() This ensures a consistent starting point across all presidencies.Īlso, read these articles in our Learning Center: For jobs growth, it’s either first full calendar month in office (so if you are inaugurated in the middle of January, the first full month is February). For stock market performance, it is the first stock market day in office. We start measurement of performance for a president from the first full time period after their inauguration. Some metrics are measured daily (like stock market performance), monthly (like jobs growth) and quarterly (like GDP growth). After verifying the raw data, we then calculate updated cumulative and annualized performance data for the current president (the data for previous presidents have been calculated and verified in advance). ![]() We capture the data as soon as it’s available to us – stock market data after daily market close, jobs data once a month and GDP data once a quarter. ![]()
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