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Biden's Labor Market Achievements: Lowest Unemployment Since Clinton Amid Inflation Challenges

share-iconFriday, January 10 comment-icon1 week ago 7 views
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forbesFORBES
Biden's Labor Market Achievements: Lowest Unemployment Since Clinton Amid Inflation Challenges

Credited from: FORBES

  • Biden's final jobs report marks the end of a term with significant labor improvements.
  • During his presidency, employment rose by 12%, with jobs increasing from 142.5 million to 159.5 million.
  • The unemployment rate decreased from 6.7% to 4.1%, the lowest since Clinton's era.
  • However, wage gains were eroded by a 20.8% inflation increase during the same period.
  • Experts note that while Biden's term saw dips in unemployment, the overall labor force participation is still lower than pre-pandemic levels.

For the full article, visit Forbes.

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Biden Unemployment Labor market Inflation Job growth Economic recovery
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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