politics @lemmy.worldEnglish · 2 months ago

Biden says he's leaving economy 'stronger than ever' for Americans as his term nears end

www.pbs.org

Biden says he's leaving economy 'stronger than ever' for Americans as his term nears end

www.pbs.org

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politics @lemmy.worldEnglish · 2 months ago

WATCH: Biden says he's leaving economy 'stronger than ever' for Americans as his term nears end

www.pbs.org

President Joe Biden lauded his administration’s record on the economy after the labor department reported Friday a surge in job growth and decline in unemployment last month.

Summary

President Joe Biden highlighted his administration’s economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.

December’s jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.

However, inflation remains above the Federal Reserve’s 2% target, and interest rates remain high, impacting homebuyers and businesses.

Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.

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2 months ago
Average savings rate, average credit card debt, number of homeowners, college enrollment rates, average net worth. Lots of measures that the news and politicians ignore.

politics @lemmy.world

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