2/22/2023 0 Comments Zar x recovery long time waitEmployers can't fill the 10.6 million jobs they're advertising, as Friday's employment report showed a mere 199,000 jobs gained in December. Shoppers are focused on shortages of cars, bath towels and even breakfast cereal. The index of consumer sentiment tracked by the University of Michigan is 12.5% lower than a year ago, despite people being vaccinated and 6.4 million jobs added over the past 12 months. "My focus is on keeping this recovery strong and durable, notwithstanding Republican obstructionism.īecause, you know, I know that even as jobs and families' incomes have recovered, families are still feeling the pinch of prices and costs." Pessimism has overtaken Americans' views on the economy, even though the economy is objectively better than it was in 2020 right before Biden took office. "This is the kind of recovery I promised and hoped for for the American people," the president said in remarks Friday. It has left Biden trying to showcase his economic achievements while trying to parry Republican criticism that his policies have fuelled inflation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |