President Biden: Bidenomics In Action
- August 04th, 2023
- 378 views
President Joe Biden hailed the latest employment report as a testament to the success of his economic policies, commonly referred to as Bidenomics. With unemployment reaching a record low and the proportion of employed working-age Americans hitting a 20-year high, the President touted the achievements of his economic approach.
Last month, the economy saw a surge of 187,000 new jobs, contributing to a total of 13.4 million jobs added during Biden's tenure — a feat surpassing the job creation of any previous four-year presidential term. The unemployment rate now stands at an impressive 3.5%, maintaining a steady trend below 4% for a year and a half.
The positive news comes on the heels of the economy's continuous growth and a significant drop in inflation, which has decreased by almost two thirds, reaching its lowest point in over two years. President Biden emphasized his administration's focus on cultivating a strong economy that benefits the middle and lower classes, evident through lowered costs for hardworking families and strategic investments across various sectors in the United States.
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login