PRESIDENT JOE BIDEN’S ECO-nomic policies might be working to his advantage, particularly in six swing states, data shows—but other figures suggest that immigration risks overshadowing Bidenomics at the ballot box come November.
While the current presidency has been plagued by high inflation, which soared to its highest level in 40 years—leading some analysts to anticipate a recession—the economy has proved resilient. Inflation has slowed. In January, employers added 353,000 jobs, crushing economists’ forecast of 185,000, according to government data. The unemployment rate has stood at 3.7 percent, its lowest level in decades, and last year the economy grew by 2.5 percent.
The private sector is also hiring, adding more than 100,000 jobs in January, while wages also went up, according to research institute ADP—both slower than in previous months but a signal that the economy was achieving a soft landing. This is where the Federal Reserve’s hiking of rates helped cool inflation without doing too much damage to the economy.
“This economy has softly landed and is relaxing at its destination, with
