VietBF - View Single Post - FIRST 100 DAYS: Charts show how they compare with Trump's, Obama's, Bush's, and Clinton's

Tin tức · 04-30-2021

The past three Democratic presidents have come into office during periods of high unemployment.

Obama took office during the darkest days of the Great Recession after the 2008 financial crisis. Unemployment steadily increased much of his first year, peaking in October 2009 at 10% before steadily declining.

Similarly, Biden's first 100 days have been marked by the ongoing coronavirus pandemic, which caused an unprecedented surge in job losses. The unemployment rate has steadily ticked down since reaching a historic high of 14.8% in April 2020, and fell to 6% in March, the most recent month for which data is available.

Biden signed the nearly $2 trillion American Rescue Plan pandemic-response bill in March, which included a new round of stimulus checks and extended unemployment benefits. The administration is now working on a pair of follow-up infrastructure bills intended to boost the economic recovery further.

While the number of people newly filing for unemployment benefits each week remains historically high, it's been steadily declining through the first three months of Biden's term.

Similar to the unemployment rate, the weekly number of initial unemployment claims spiked during the early days of the pandemic last spring.

While initial claims remain very high, they have steadily declined alongside the unemployment rate and recently fell below the Great
Recession
-era levels seen in Obama's first hundred days. Presidents Clinton, Bush, and Trump saw more historically normal levels of Americans applying for benefits in the early days of their terms.

The decline in claims is an indicator that the economy is finally beginning to recover amid vaccinations and reopenings, as fewer Americans find themselves newly out of work each week. Still, the labor market in the US remains shaky, and there's a long way to go to get back to full employment.

Although the economy is still in the early days of recovery, the stock market has been rocketing ever higher.

The Dow Jones Industrial Average is up 8.4% between Biden's inauguration and Wednesday's market close. Stocks collapsed in the early days of the pandemic but have been steadily marching up ever since.

The Dow's percent increase under Biden in his first hundred days is higher than any of the other four presidents we looked at. The Dow was up 5.6% at the end of Trump's first hundred days, similar to the 5.7% increase under Clinton.

The early days of Obama's first term still had stocks reeling in the wake of the financial crisis before bottoming out in early March 2009, launching a decade-long bull market that ended during the pandemic.

Biden held his first presidential news conference on his 64th day in office.

Presidential press conferences started in 1913 and have remained an important ritual for the public to learn more about the president's agenda through questioning from reporters.

The televised event typically involves the president, alone, before the White House press corps for roughly an hour, addressing hot-button issues of his administration.

Presidents usually hold at least one news conference by their first 100 days. Biden had his 64 days into his presidency on March 25. He provided updates on the COVID-19 pandemic, reacted to the surge in migrants at the US-Mexico border, and decried GOP efforts to restrict voting in Georgia. Biden also shared that he expects to run again in 2024.

While Trump was a prolific golfer during his presidency, Biden made his first trip to a golf course nearly three months into his first term.

Trump's numerous golf outings were a hallmark of his single term in office, and his trips to his private courses in northern Virginia and West Palm Beach became regular escapes from the White House.

Biden, in contrast, has had only one golfing excursion so far, taking a swing at the Wilmington Country Club in his home state of Delaware on April 17.

Before his most recent outing, Biden, who was a frequent golfer as vice president from 2009 to 2017, last logged an official round in 2018, ABC News reported.

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04-30-2021	#2
Tin tức R5 Cao Thủ Thượng Thừa Join Date: Oct 2020 Posts: 1,047 Thanks: 87 Thanked 765 Times in 489 Posts Mentioned: 3 Post(s) Tagged: 0 Thread(s) Quoted: 36 Post(s) Rep Power: 6	The past three Democratic presidents have come into office during periods of high unemployment. Obama took office during the darkest days of the Great Recession after the 2008 financial crisis. Unemployment steadily increased much of his first year, peaking in October 2009 at 10% before steadily declining. Similarly, Biden's first 100 days have been marked by the ongoing coronavirus pandemic, which caused an unprecedented surge in job losses. The unemployment rate has steadily ticked down since reaching a historic high of 14.8% in April 2020, and fell to 6% in March, the most recent month for which data is available. Biden signed the nearly $2 trillion American Rescue Plan pandemic-response bill in March, which included a new round of stimulus checks and extended unemployment benefits. The administration is now working on a pair of follow-up infrastructure bills intended to boost the economic recovery further. While the number of people newly filing for unemployment benefits each week remains historically high, it's been steadily declining through the first three months of Biden's term. Similar to the unemployment rate, the weekly number of initial unemployment claims spiked during the early days of the pandemic last spring. While initial claims remain very high, they have steadily declined alongside the unemployment rate and recently fell below the Great Recession -era levels seen in Obama's first hundred days. Presidents Clinton, Bush, and Trump saw more historically normal levels of Americans applying for benefits in the early days of their terms. The decline in claims is an indicator that the economy is finally beginning to recover amid vaccinations and reopenings, as fewer Americans find themselves newly out of work each week. Still, the labor market in the US remains shaky, and there's a long way to go to get back to full employment. Although the economy is still in the early days of recovery, the stock market has been rocketing ever higher. The Dow Jones Industrial Average is up 8.4% between Biden's inauguration and Wednesday's market close. Stocks collapsed in the early days of the pandemic but have been steadily marching up ever since. The Dow's percent increase under Biden in his first hundred days is higher than any of the other four presidents we looked at. The Dow was up 5.6% at the end of Trump's first hundred days, similar to the 5.7% increase under Clinton. The early days of Obama's first term still had stocks reeling in the wake of the financial crisis before bottoming out in early March 2009, launching a decade-long bull market that ended during the pandemic. Biden held his first presidential news conference on his 64th day in office. Presidential press conferences started in 1913 and have remained an important ritual for the public to learn more about the president's agenda through questioning from reporters. The televised event typically involves the president, alone, before the White House press corps for roughly an hour, addressing hot-button issues of his administration. Presidents usually hold at least one news conference by their first 100 days. Biden had his 64 days into his presidency on March 25. He provided updates on the COVID-19 pandemic, reacted to the surge in migrants at the US-Mexico border, and decried GOP efforts to restrict voting in Georgia. Biden also shared that he expects to run again in 2024. While Trump was a prolific golfer during his presidency, Biden made his first trip to a golf course nearly three months into his first term. Trump's numerous golf outings were a hallmark of his single term in office, and his trips to his private courses in northern Virginia and West Palm Beach became regular escapes from the White House. Biden, in contrast, has had only one golfing excursion so far, taking a swing at the Wilmington Country Club in his home state of Delaware on April 17. Before his most recent outing, Biden, who was a frequent golfer as vice president from 2009 to 2017, last logged an official round in 2018, ABC News reported. -----------------------------------------------------