Posted 3/25/2024, 1:01:39 PM
U.S. Regains Pandemic Job Losses Under Biden Economy; Unemployment Stays Low as Growth Exceeds Expectations
- U.S. gained 14.9 million jobs since Biden took office, but 9 million were lost during pandemic so net gain is 5.5 million
- Economy has recovered all jobs lost during COVID pandemic as of June 2022
- Unemployment rate has stayed under 4% for over 2 years, longest stretch since 1967
- Economy grew 3.1% in 2023 despite predictions of a recession from economists
- 275,000 jobs added in February 2024, exceeding expectations
