YearPresidentUnemployment RateGDP GrowthInflation (Dec. YOY)What Happened
1929Hoover3.20%NA0.60%Market crash
1930Hoover8.70%-8.50%-6.40%Smoot-Hawley
1931Hoover15.90%-6.40%-9.30%Dust Bowl
1932Hoover23.60%-12.90%-10.30%Hoover's tax hikes
1933Hoover/FDR24.90%-1.20%0.80%FDR's New Deal
1934FDR21.70%10.80%1.50%Depression eased thanks to New Deal
1935FDR20.10%8.90%3.00%
1936FDR16.90%12.90%1.40%
1937FDR14.30%5.10%2.90%Spending cuts
1938FDR19.00%-3.30%-2.80%FLSA starts min wage
1939FDR17.20%8.00%0%Drought ended
1940FDR14.60%8.80%0.70%U.S. draft
1941FDR9.90%17.70%9.90%Pearl Harbor
1942FDR4.70%18.90%9.00%Defense tripled
1943FDR1.90%17.00%3.00%Germany surrendered at Stalingrad
1944FDR1.20%8.00%2.30%Bretton Woods
1945FDR/Truman1.90%-1.00%2.20%War ends. Min wage $0.40
1946Truman3.90%-11.60%18.10%Employment Act
1947Truman3.60%-1.10%8.80%Marshall Plan negotiated
1948Truman4.00%4.10%3.00%Truman reelected
1949Truman6.60%-0.60%-2.10%Fair Deal; NATO
1950Truman4.30%8.70%5.90%Korean War; Min wage $0.75
1951Truman3.10%8.00%6.00%Expansion
1952Truman2.70%4.10%0.80%Expansion
1953Truman/Eisenhower4.50%4.70%0.70%Korean War ended
1954Eisenhower5.00%-0.60%-0.70%Dow returned to 1929 level
1955Eisenhower4.20%7.10%0.40%Unemployment fell
1956Eisenhower4.20%2.10%3.00%Min wage $1.00
1957Eisenhower5.20%2.10%2.90%Recession
1958Eisenhower6.20%-0.70%1.80%
1959Eisenhower5.30%6.90%1.70%Expansion
1960Eisenhower6.60%2.60%1.40%Recession
1961Eisenhower/JFK6.00%2.30%0.70%JFK; Min wage $1.15
1962JFK5.50%6.10%1.30%Cuban Missile Crisis
1963JFK/LBJ5.50%4.40%1.60%LBJ; Min wage $1.25
1964LBJ5.00%5.80%1.00%Tax cut
1965LBJ4.00%6.50%1.90%US enters Vietnam War
1966LBJ3.80%6.60%3.50%Expansion
1967LBJ3.80%2.70%3.00%Min wage $1.40
1968LBJ3.40%4.90%4.70%Min wage $1.60
1969LBJ/Nixon3.50%3.10%6.20%Nixon took office
1970Nixon6.10%0.20%5.60%Recession
1971Nixon6.00%3.30%3.30%Emergency Employment Act; Wage-price controls
1972Nixon5.20%5.30%3.40%Ongoing Stagflation; Watergate break-in
1973Nixon4.90%5.60%8.70%CETA; Gold standard; Vietnam War ended
1974Nixon/Ford7.20%-0.50%12.30%Nixon resigns; Min. wage $2.00
1975Ford8.20%-0.20%6.90%Recession ended
1976Ford7.80%5.40%4.90%Expansion
1977Ford/Carter6.40%4.60%6.70%Carter took office
1978Carter6.00%5.50%9.00%Fed raised rate to 20% to stop inflation
1979Carter6.00%3.20%13.30%
1980Carter7.20%-0.30%12.50%Recession
1981Carter/Reagan8.50%2.50%8.90%Reagan tax cuts; Min. wage $3.35
1982Reagan10.80%-1.80%3.80%Job Training Partnership Act; Garn-St.Germain Act
1983Reagan8.30%4.60%3.80%Reagan increased military spending
1984Reagan7.30%7.20%3.90%
1985Reagan7.00%4.20%3.80%Expansion
1986Reagan6.60%3.50%1.10%Tax cuts
1987Reagan5.70%3.50%4.40%Black Monday
1988Reagan5.30%4.20%4.40%Fed raised rate
1989Reagan/Bush5.40%3.70%4.60%Reforms made to address S&L Crisis
1990Bush6.30%1.90%6.10%Recession
1991Bush7.30%-0.10%3.10%Desert Storm; Min. wage $4.25
1992Bush7.40%3.50%2.90%NAFTA drafted
1993Bush/Clinton6.50%2.80%2.70%Omnibus Budget Reconciliation Act
1994Clinton5.50%4.00%2.70%School to Work Act 
1995Clinton5.60%2.70%2.50%Expansion
1996Clinton5.40%3.80%3.30%Welfare reform
1997Clinton4.70%4.40%1.70%Min. wage $5.85
1998Clinton4.40%4.50%1.60%LTCM crisis
1999Clinton4.00%4.80%2.70%Euro; Serbian airstrike
2000Clinton3.90%4.10%3.40%NASDAQ hit record high
2001Clinton/Bush5.70%1.00%1.60%Bush tax cuts; 9/11 attacks
2002Bush6.00%1.70%2.40%War on Terror
2003Bush5.70%2.90%1.90%JGTRRA
2004Bush5.40%3.80%3.30%Expansion
2005Bush4.90%3.50%3.40%Bankruptcy Abuse Prevention Act; Katrina
2006Bush4.40%2.90%2.50%Expansion
2007Bush5.00%1.90%4.10%
2008Bush7.30%-0.10%0.10%Min. wage $6.55; Financial crisis
2009Bush/Obama9.90%-2.50%2.70%ARRA; Min. wage $7.25; Jobless benefits extended
2010Obama9.30%2.60%1.50%Obama tax cuts
2011Obama8.50%1.60%3.00%26 months of job losses by July; Debt ceiling crisis; Iraq War ended
2012Obama7.90%2.20%1.70%QE; 10-year rate at 200-year low; Fiscal cliff
2013Obama6.70%1.80%1.50%Stocks up 30%; Long term = 50%  unemployed
2014Obama5.60%2.50%0.80%Unemployment at 2007 levels
2015Obama5.00%3.10%0.70%Natural rate
2016Obama4.70%1.70%2.10%Presidential race
2017Obama/Trump4.10%2.30%2.10%Dollar weakened
2018Trump3.90%3.00%1.90%Trump tax cuts
2019Trump3.50%2.20%2.30%Goldilocks economy
2020Trump6.90%-34.30%2.30%CoViD19 Pandemic
2021Trump/Biden6.70%2.16%2.10%