With the economy on the top of voters’ minds this election year, we take a look at some key statistical measures of how the U.S. has performed under President Joe Biden:
The economy gained 10 million jobs; total employment is now half a million higher than before the pandemic.
Unemployment fell to 3.5%; unfilled job openings surged, with 1.7 slots for every person seeking work.
Inflation roared back to the highest level in over 40 years. Consumer prices are up 13.2%. Gasoline alone rose 64%.
Wages rose briskly, by 9%. But after adjusting for inflation, “real” weekly earnings went down 4.4%.
The economy contracted for two consecutive quarters this year, but after-tax corporate profits set new records.
Apprehensions of those trying to enter the country illegally through the southwest border are up 330% for the past 12 months, compared with President Donald Trump’s last year in office.
