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.

  • mydude@lemmy.world
    1619·
    6 days ago

    The state with the highest GDP in America is literally on fire on his way out…

    • halcyoncmdr@lemmy.worldEnglish
      221·
      6 days ago

      To be fair… that State is on fire pretty regularly, the President has nothing to do with that, the shitty utilities not maintaining infrastructure properly are usually to blame.

    • hydrashok@sh.itjust.works
      111·
      6 days ago

      Do you think the President is Smokey the Bear or something?

      Natural disaster! Must be that damn Biden’s fault! /s