Biden’s Numbers, 2024 Pre-Election Update

Este artículo estará disponible en español en El Tiempo Latino. Summary Here’s how the U.S. has fared since President Joe Biden took office: The economy has added more than 15 million jobs. The number is now about 6 million higher than before the pandemic. Unemployment is 4.1% The unemployment rate dropped back and has stayed lower, longer than at any time during the previous administration. Inflation spiked, hitting its highest level in over 40 years, then easing greatly. Overall, consumer prices are up nearly 20%. Gasoline is up 33%. Average weekly earnings haven’t kept pace with prices. After adjusting for inflation, “real” weekly earnings dropped 1.8%. After increasing the year before Biden took office, murders and violent crime have declined. The murder rate dropped 0.9 points, and the number dropped 14.5% from 2020 to 2023. All three major U.S. stock indexes have made significant gains this year. The S&P 500, which set a new high this week, is up nearly 54% under Biden. The percentage of Americans lacking health insurance declined. The drop was 0.6 percentage points, when measuring those who were uninsured for an entire year. The economy has been growing at a faster rate in recent years than...