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

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

www.pbs.org

@MicroWave to

politics English • 2 days ago

141

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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@whotookkarl
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32•1 day ago
When the media or politicians report on ‘the economy’ they mean wealthy people’s money in investment capital and financial instrument earnings, not wages or savings for the working class.

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