"Biden's Take on Unemployment: Bragging, Weighing In, and Taking Shots at Trump"

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Source: Daily Mail
"Biden's Take on Unemployment: Bragging, Weighing In, and Taking Shots at Trump"
Photo: Daily Mail
TL;DR Summary

President Joe Biden mistakenly claimed that unemployment had been below 14% for the past 19 months, when he actually meant it had been below 4%. The jobless rate rose to 3.8% in August, the highest since February 2022, according to the Labor Department. Biden touted his administration's job growth and recovery efforts, but critics pointed out that former President Donald Trump's term began with job growth and ended with a pandemic-induced economic shutdown. The rising unemployment rate suggests a cooling labor market, which could help tame inflation, according to the Federal Reserve.

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