In October 2018, right before the midterm elections of President Donald Trump’s first term, the jobless rate in the United States held at 3.7%, the lowest level since 1969.

The number of available job openings that month would hit an all-time high of 7.6 million. Median household income also rose to historic highs in 2018. Inflation was well within historic norms. Poverty declined to a historic low of 11.8%.