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Understanding the chart
- Economic growth, measured as the change in real GDP, averaged 2.0% from Q2 2009 to Q3 2016. This was slower than the 2.6% average from Q1 1989-Q4 2008.[1] Real GDP grew nearly 3% during President Bush's first term but only 0.5% during his second term. During the Clinton administration, GDP growth was close to 4%, slightly faster than the Reagan administration.[2]
- The unemployment rate (U-3), rose during the Great Recession to peak at 10.0%, then fell back towards full employment by the end of his two terms to 4.9%, similar to 2007 pre-crisis levels during the Bush administration. The wider U-6 rate,which includes marginally attached and those working part-time for economic reasons, followed a similar path to peak at 17.1%, but ended slightly above the pre-crisis levels at 9.5%.[3]
- Inflation (measured by CPI-All Urban Consumers, All Items) fell to a historically low level during his administration, averaging 1.4% from Q2 2009 to Q3 2016, well below the 3.0% average from Q1 1989-Q4 2008.[4]
- Interest rates also fell and remained very low. The yield on the 10-year Treasury bond averaged 2.5% from Q2 2009 to Q3 2016, well below the 5.8% average from Q1 1989-Q4 2008.[4]
References
- ↑ FRED Real GDP. FRED. Retrieved on November 22, 2016.
- ↑ Why the economy has grown faster under Democratic Presidents. The Economist. Retrieved on November 22, 2016.
- ↑ Unemployment rates U3 and U6. Federal Reserve Economic Database. Retrieved on November 19, 2016.
- ↑ a b FRED CPI and 10-Year Treasury. FRED. Retrieved on November 22, 2016.
Summary
| Description |
English: Several major U.S. economic variables during President Obama's terms in office. |
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