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

  • @[email protected]English
    -2•2 days ago

    That’s an interesting idea, but bottom 1% of what?

    GDP usually looks at companies exports, not individuals. So you’re saying we should only calculate the GDP from the poorest 1% of companies? That seems like it would be wildly off.

    • @NatakuNox
      2•2 days ago

      I bet there are way smarter people should figure out how such an economy would work. (Humans have had a top down approach economically since forever.) but it’s obvious our relationship with top down approaches has changed. We need to come together and save humanity, because at this rate it’s obvious our ways of thinking are destroying ourselves and the world.