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Karine Jean-Pierre: When Joe Biden “walked into this administration … 20 million people were on unemployment insurance benefits.” PolitiFact's ruling: False Here's why: During a recent press ...
As Biden prepares to depart, the unemployment rate is near its historic lows, stock markets have surged and the economy is growing. In public, Trump has decried the state of the nation as "a ...
President Biden inherited a challenging economic and budgetary situation from President Donald Trump, due significantly to the COVID-19 pandemic.As of December 2020, the jobs level was nearly 10 million (6%) below the early 2020 peak, and the unemployment rate was an elevated 6.7%. [12]
The unemployment rate has fallen to even lower levels under Biden than it did for Trump. Unemployment has fallen 2.4 percentage points under Biden’s term so far, while rising 8.5 percentage ...
The record low for the Black or African American unemployment rate, 4.8%, was set under Biden in April 2023. That beat the Trump-era low that was a record at the time, 5.3% in August 2019 and ...
“Another fake jobs report out from Biden-Harris government today,” Rubio wrote in a post on X. “16 of the last 17 reports have been ... is how the BLS arrives at the unemployment rate. ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
On Feb. 4, President Joe Biden took a victory lap when a blockbuster January jobs report defied the White House's own low expectations for that month's employment numbers. Analysts had predicted ...