Unemployment rate under Obama

US unemployment rate during the Obama administration

Eric Garland DataLab

The US unemployment rate under Obama started out at 9.5% as the banks collapsed and ends now at 4.6% according to the Bureau of Labor Statistics.

These stats – as BLS professionals will tell you – are slow to acknowledge the new forms of work and benefits and other key factors. Still they provide a rough view of a positive macroeconomic trend since the financial crisis of 2008-2010.