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 pandemic, 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 COVID 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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