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Biden’s Numbers, July 2023 Update

Economy And Jobs,Facts And Fact Checking,Joe Biden

From the Left
Fact Check

In our seventh installment of this feature, gauging how various factors have changed under President Joe Biden, we found:

The economy added 13.2 million jobs under Biden, putting the total 3.8 million higher than before the pandemic.

The unemployment rate dropped for a time to the lowest in nearly 54 years; unfilled job openings surged, with over 1.6 for every unemployed job seeker.

Inflation roared back to the highest level in over 40 years, then slowed markedly. In all, consumer prices are up nearly 15.7%. Gasoline is up 51.2%.

Weekly earnings rose briskly, by 12.2%. But after adjusting for inflation, “real” weekly earnings went down 3.4%.

The S&P 500 has increased 20.2%

The percentage of Americans without health insurance has gone down by 1.3 percentage points.

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