Weasel
Loc: In the Great State Of Indiana!!
Weasel
Loc: In the Great State Of Indiana!!
Lowest unemployment rate in 50 years 20 months of unemployment below 4% infrastructure repairs and improvements from coast to coast, wages growing faster than prices for the first time since the turn of the century. And manufacturing returning from offshore at a record pace.
Kevyn wrote:
Lowest unemployment rate in 50 years 20 months of unemployment below 4% infrastructure repairs and improvements from coast to coast, wages growing faster than prices for the first time since the turn of the century. And manufacturing returning from offshore at a record pace.
Sadly, you are not a trustworthy or honest being. You need to provide citations for your claims.
In an economic speech last week, Biden made a series of comments about the unemployment rate.
“We’ve made historic progress over the last 10 months. Unemployment is down to 4.6%, two years faster than everyone expected. When we started at this job, it was over 14%,” Biden said.
Facts First:
Biden was wrong in two ways here. First and most importantly, his phrasing created the inaccurate impression that the unemployment rate was over 14% when he “started at this job” as president. In fact, the unemployment rate in January 2021, the month he was sworn in, was 6.3%; it had not been above 14% since April 2020. Second, while the unemployment rate has fallen faster under Biden than some experts had expected, he exaggerated when he said the 4.6% rate was achieved two years faster than “everyone” expected. It happened roughly one year faster than the Federal Reserve had projected in December 2020.
https://www.cnn.com/2021/12/03/politics/fact-check-biden-unemployment-inflation-nobel/index.htmlA manufacturing "boom" is, to some extent, in the eye of the beholder.
While manufacturing has certainly experienced a sustained increase in output since its nadir in the p******c, the employment number in the sector has only recently passed its February 2020 level, and renewed economic activity largely reflects the rebound from output-depressing C***D restrictions in the U.S. and across the world.
https://www.newsweek.com/fact-check-white-house-biden-manufacturing-jobs-boom-1769321https://www.heritage.org/markets-and-finance/commentary/inflation-has-outpaced-annual-growth-weekly-earnings-nearly-everyhttps://www.pbs.org/newshour/economy/u-s-may-need-slower-economic-growth-to-beat-inflation-fed-chair-says
Weasel
Loc: In the Great State Of Indiana!!
Kevyn wrote:
Lowest unemployment rate in 50 years 20 months of unemployment below 4% infrastructure repairs and improvements from coast to coast, wages growing faster than prices for the first time since the turn of the century. And manufacturing returning from offshore at a record pace.
Aaa the juggling of the books. That is one thing joe is good at.👍
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