Fact Check: Establishment Media Say The Economy Is Awesome

Posted on AllSides June 7th, 2022
From The Right
Jim Watson/AFP via Getty Images

The U.S. economy is doing terribly. Inflation is running at the worst level in 40 years.

Fifty-five percent of Americans think we’re in a recession, including a plurality of Democrats. Eighty-three percent of Americans say economic conditions are poor or not so good.

Real wages are plunging, which means that extremely tight labor market conditions are not helping American households. Unemployment is very low but it was just as low in the prepandemic Trump administration with much lower inflation.

Home affordability is nearing an all-time low. Gas prices keep setting new record highs.

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