politics @lemmy.worldEnglish · 3 days ago

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

www.pbs.org

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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 · 3 days ago

155

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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5 hours ago
Thanks, Joe. More for Trump to loot. Too bad so little of that growth got to median-level people.

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