September 11, 2023

Biden and the US economy

Jonas Werner

* Inflation is the lowest amongst the G7 and now below the 75 year average of 3.54% (3.2%)
* The growth rate is the highest amongst the G7
* Job creation has been robust with actuals beating estimates 13/17 times
* We have record low or near record low unemployment (especially in minority groups)
* Wages continue to rise
* 800,000 new manufacturing jobs
* Gas prices down 20% from post pandemic peak

1 comment:

Anonymous said...

Great news. This report would be more impactful if it contrasted this data with data from prior periods.

Semper Paratus