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4 days ago · President Joe Biden delivers remarks at Gateway Technical College in Sturtevant, Wis., on May 8, 2024. (AP) President Joe Biden repeated several claims about the economy during a May 8 interview ...
Jan 25, 2024 · Here’s how the United States has fared since President Joe Biden took office three years ago: The economy added more than 14 million jobs. The number is now nearly 4.9 million higher than...
May 11, 2021 · 11 May 2021. By Jake Horton,BBC Reality Check. Getty Images. President Joe Biden says the US economy has made historic progress since he came into office in January, despite...
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A year ago, Joseph R. Biden took office as the46th presidentof the United States — inheriting an economy weakened by the COVID-19 pandemic, but with effective vaccines to finally deal with it. To mark Biden’s first year in office, we take stock of how the U.S. has performed under the new president. Here are some highlights: 1. The U.S. economy adde...
It has been nearly 10 years since we published “Obama’s Numbers” — our attempt to provide a statistical measure of then-President Barack Obama’s first term in office as he went before the voters to seek reelection. After Obama won, we continued with quarterly reports. We did the same forTrump— and now we do so for Biden. As always,we include statis...
The pandemic remains the major driver of the economy, which has continued to recover under Biden. While the employment picture has improved dramatically in Biden’s first year, it has not yet returned to pre-pandemic levels. Employment — The U.S. economy added 6,215,000 jobs between January 2021, when Biden took office, and December, the latest mont...
The economy has rebounded under Biden, growing faster than it has in decades. Although the first official estimate from the Bureau of Economic Analysis isn’t due to be released until Jan. 27, economists generally expect that real (inflation-adjusted) gross domestic product grew at around 5% or better in 2021. That hasn’t happened since 1976. The of...
The estimated number of people without health insurance dropped slightly — by about 500,000 — in the first six months in 2021, compared with 2020. That’s according to early release estimates from the National Health Interview Survey, which found that 31.1 million people were uninsured at the time they were interviewed from January through June 2021...
During the campaign, Trump repeatedly warned that if Biden were elected the stock market would “crash,” “collapse” “drop 100%” and “go down like you wouldn’t believe.” But the stock market has continued to rise under Biden. On Jan. 19, 2022, theStandard & Poor’s 500-stock averageclosed at 19.3% above where it had been the day before Biden was inaug...
CPI — During Biden’s first 11 months in office, inflation came roaring back after a long slumber. The Consumer Price Index rose an average of only 1.9%each year of the Trump presidency (measured as the 12-month change ending each January), 1.8% during Obama’s eight years in office and 2.4% during each of George W. Bush’s years. But during Biden’s f...
The psychological effect of inflation is magnified by a huge spike in gasoline prices, advertised in foot-high numbers on street corners everywhere. As of the week that ended Jan. 17, thenational average price of regular gasolineat the pump was just under $3.31 per gallon, according to the U.S. Energy Information Administration. That’s an increase ...
After two straight years of declining profits, corporations saw their profits surge to new heights under Biden — reaching an annual rate of just over $2.7 trillion in the third quarter of 2021, according tothe latest Bureau of Economic Analysis data. Corporate profits dropped to an annualized rate of $1.58 trillion in the second quarter of 2020, be...
A key measurement of illegal immigration rose dramatically under Biden. The number of apprehensions at the U.S. border with Mexico increased 317% during Biden’s first full 10 months in office, compared with the same period in 2020, according to the most recent figures released by U.S. Customs and Border Protection. Illegal border crossings, as meas...
Oct 20, 2023 · Since President Joe Biden took office: The economy added 13.9 million jobs, putting the total 4.5 million higher than before the pandemic. The unemployment rate dropped for a time to the...
Aug 2, 2021 · The government revealed on Thursday the US economy grew at an annualized rate of 6.5% in the second quarter. The figure marked the second-largest jump in gross domestic product since 2003, and...
