The basic story of the Biden economy is that America has experienced a remarkably fast and essentially complete job market recovery.
This recovery was initially accompanied by distressingly high inflation; but inflation, while still high by the standards of the past few decades, has subsided substantially.
About jobs: Unless you’ve been getting your news from Tucker Carlson or Truth Social, you’re probably aware that the unemployment rate is hovering near historic lows.
However, I keep hearing assertions that this number is misleading, because millions of Americans have dropped out of the labor force — which was true a year ago.
The current inflation rate is lower than it was at the end of Ronald Reagan’s second term.