Biden’s Numbers (First Quarterly Update)
Here’s how the U.S. has been performing since President Joe Biden assumed office:
The economy regained 7.9 million jobs, getting within 1.6 million of the peak employment before the pandemic.
Unemployment fell to 3.6%; unfilled job openings surged, with 1.8 slots for every person seeking work.
Inflation roared back to the highest level in over 40 years. Consumer prices are up 9.7%. Gasoline alone rose nearly 72%.
Wages rose briskly, by 6.5%. But after adjusting for inflation, “real” weekly earnings went down 3.8%.
The economy grew 5.7% last year — the highest...