Jobs are hot, the economy is doing well. So why are people still sour on Joe Biden?
President Joe Biden got another boost on Friday when the Bureau of Labor Statistics announced that the US economy has added 353,000 jobs and that unemployment remains at a steady 3.7 per cent.
And jobs aren’t the only part of the economy that look great right now.
Hourly earnings grew by 4.5 per cent in the past year, outpacing inflation for the past 12 months. This means that even as prices rise, Americans are taking more money home.
Last month, the Bureau of Economic Analysis announced that gross domestic product grew by 3.3 in the fourth quarter of 2023 and looks like it might head to a recession while Canada’s by 0.3 per cent in the fourth quarter.
