He points out that his programs have put more money and jobs out to Americans….
He is trying to raise more people being able to make Over Time….
He points to a drop in Inflation….
He points out that many of Trump economic efforts have failed…..
But?
Biden still face’s the problem that consumer prices ARE HIGHER…..
The cost of buying things on credit are HIGHER….
American’s do DO think the economy is better for them no matter how much the ‘experts’ tell them….
This feeling is hurting Biden’s poll numbers….
Biden tell us….
“Never Give Up’…..
America still has the world’s Strongest Economy’….
He appauld’s Unions also…
The real hero’s are the American workers he says….
We ARE the United States OF America….
The United States added 187,000 jobs in August but the unemployment rate jumped unexpectedly, reflecting the impact of high interest rates and the U.S. economy’s gradual cooling from the boom that followed pandemic lockdowns.
The data, reported Friday by the Labor Department, is the latest indication that hiring has weakened over the summer. After a run of 29 months in which job growth never dipped below 200,000, seasonally adjusted, the last three months have all fallen short of that mark.
The unemployment rate rose to 3.8 percent from 3.5 percent in July, likely for a good reason: More people started to look for work. The job growth figures for June and July were revised down by a combined 110,000 jobs, contributing to a picture slightly weaker than it previously appeared.
Still, there is no sign of an imminent recession that would result in widespread joblessness, and the August gain was still significantly above the number of jobs required to absorb flow of people into the labor force. Hourly earnings rose 4.3 percent over the month, slightly less than expected, and mostly level with the pace of wage growth since the spring.
The recent hiring figures are subject to further revision, but the generally smooth downward trend is a sign that while the labor market isn’t as hot as it was during the height of the pandemic recovery, it may be stabilizing in a better place than it was before 2020.
“The good news is, it’s a normal that favors workers more than we’re used to over the past 25 years,” said Justin Bloesch, an assistant professor of economics at Cornell University. Moreover, he noted, stability has its own benefits: People are more likely to be part of the work force if they feel confident they’ll be able to stay there awhile….
More on the President’s lacklustre effort to sell his view that the US Economy seems to be doing better….
Biden Struggles to Make ‘Bidenomics’ a Plus
New York Times: “The gambit does not appear to be working yet. Even as Mr. Biden presides over what is by all indicators a strong economy — one on track to dodge the recession many had feared — he is still struggling to convince most of the country of the strength of his economic stewardship. Wages are up, inflation has slowed, but credit to the president remains in short supply.”
“Polling last month from the Democratic organization Navigator found that 25 percent of Americans support Mr. Biden’s major actions, such as the Inflation Reduction Act, but still think the president is doing a poor job handling the economy. It’s a group that tends to be disproportionately younger than 40 and is more likely to be Black or Latino — voters critical to Democratic victories.”
Wall Street Journal: Resilient U.S. economy defies expectations.