In recent news, the unemployment rate has significantly decreased, and President Trump brought attention to it by posting multiple tweets earlier this month.
On October 4, Trump tweeted: “Breaking News: Unemployment Rate, at 3.5%, drops to a 50 YEAR LOW. Wow America, lets impeach your President (even though he did nothing wrong!).”
On October 5, Trump tweeted: “Just out: 3.7% Unemployment is the lowest number since 1969!”
On October 6, Trump tweeted: “Unemployment Rate just dropped to 3.5%, the lowest in more that 50 years. Is that an impeachable event for your President?”
These tweets have brought a lot of attention to Americans about the history of the unemployment rate, a key indicator of the health of the country’s economy. Unemployment rates usually rise during recessions and fall during times of prosperity. In the U.S, the highest unemployment rate was 24.9% in 1933 during the Great Depression, but in 1944 it decreased to 1.2%, being the lowest rate ever.
Between December 1969 through April 2019, the rates have lowered a whopping 3.6% with the greatest decrease coming in the beginning of President Donald Trump’s role in office. The short answer as to how and why these rates have decreased is this: the economy is good. Trump took office, and economic growth picked up, which, in turn, dropped the rate of unemployment to the lowest level in half a century.
With that being said, it is difficult to understand the decrease in unemployment because of the immense advancements in technologies. Throughout this past decade, there have been unseen amounts of controversy that robots and computers were going to leave our country job-less. This seems to not be the case. All of these advancements come with a need for brains behind them. One of Trump’s campaign platforms leading to his most recent election is to add more and more jobs to those in need. He plans to take this action by deporting undocumented residents from the country and opening up those acts of labor to American citizens.