The unemployment rate has been below 4% for 16 straight months, or at 4% or below for 18 months. But Biden’s 50-year timeframe excludes two longer stretches when unemployment was below 4%.
boasted that the unemployment rate during much of his tenure has been below 4%, which is considered a strong achievement by historical standards.
For the period under Biden, the unemployment rate fell to 3.9% in December 2021, then popped back up briefly to 4% in January 2022, and then fell to 3.8% in February 2022. It has remained below 4% ever since, through the last published month, May 2023. The most recent period that can compete with that record occurred under Biden’s predecessor, Donald Trump.
Biden also benefits by cutting off the comparison at 50 years, or 1973. Using this time frame excludes two periods in which unemployment was low for even longer stretches.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PolitiFact - Hunter Biden’s criminal case: What IRS whistleblowers said about Joe Biden, DOJRepublicans say that IRS whistleblowers’ testimony shows that Hunter Biden’s plea agreement was unduly soft. Legal experts told PolitiFact that prosecuting a defendant connected to a high-ranking government official poses unique challenges.
Read more »
PolitiFact - The state of the US economy under Joe Biden, in 15 chartsJoe Biden can point to a strong labor market and continued economic growth on his watch. But historically high levels of inflation and overall consumer confidence remain concerns. Here’s our graphical look at more than a dozen economic metrics under Biden.
Read more »
White House Explains Why Joe Biden Has Marks On His FaceThe imprints on the president's face were apparent as he departed the White House on Wednesday.
Read more »
Hunter Biden’s criminal case: What IRS whistleblowers said about Joe Biden, DOJHere’s a primer on the whistleblower testimony that became public shortly after Justice Department officials offered Hunter Biden a deal to plead guilty to...
Read more »
White House eco council at odds over technology central to Biden's green goalsMembers of a White House environmental justice council, which is tasked with advising the president on climate issues, have taken hardline stances against a key green technology.
Read more »
Biden using CPAP machine to deal with sleep apnea, White House saysPres. Biden's sleep apnea was first disclosed in 2008 and his 2019 medical record revealed he had had several sinus and nasal passage surgeries.
Read more »