Biden’s Numbers (First Quarterly Update)

Posted on AllSides April 14th, 2022
From The Center
FACT CHECK

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...

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