When President Joe Biden became president, the unemployment rate was 6.4%. By the end of his first year in office, the rate had fallen to 3.9%.
After going back up to 4.0 in January, 2022, the unemployment rate has been below 4% every month since.
That’s two straight years. That is a historically-long stretch of great unemployment numbers.
For you numbers people, check this out.
Also, in January, 2023, the unemployment rate dropped to its lowest level since the 1960s!