In recent speeches touting so-called Bidenomics, President Joe Biden has repeatedly cited the statistic that “unemployment has been below 4% for the longest stretch in over 50 years.” That’s true, but there’s some cherry-picking going on.
Our latest update of what’s happened in the U.S. under Biden’s presidency.
At the U.S. Conference of Mayors’ winter meeting, President Joe Biden left the false impression that unemployment declined by more than 16 million people on his watch, when the decline was under 5 million.
The most recent statistical measures of how the U.S. has changed since the president took office.
When Joe Biden was sworn in as president, two COVID-19 vaccines had already been authorized and millions of people nationwide had been vaccinated against the disease. But in a May 12 tweet touting economic progress made under Biden, the White House falsely claimed that “there was no vaccine available” at the time he was inaugurated.
The recently released jobs report from the Bureau of Labor Statistics provided an opportunity for Democrats and Republicans alike to spin the facts in their favor.
A raging virus, a struggling economy and a fast-growing mountain of debt.
What the statistics tell us about the president’s time in office.
The Republican National Committee and others have taken to claiming that the number of job openings exceeds the number of job seekers for the first time “in history,” a sweeping claim that is without factual support, and likely false.
Alexandria Ocasio-Cortez, the Democratic nominee for New York’s 14th Congressional District, wrongly claimed that the low U.S. unemployment rate was “because everyone has two jobs.” The number of people holding more than one job has no bearing on the unemployment rate.