President Biden's re-election campaign praised the strong jobs report released Friday, saying the president is cleaning up the economic disaster left behind by former President Donald Trump.
The U.S. economy added 199,000 jobs in November, according to Labor Department data, and the unemployment rate fell to 3.7%, more than economists expected.
“Joe Biden has now created more jobs and wiped out economic disaster in less than three years than any president in four years.” [Trump] Left behind,” Biden-Harris 2024 spokesperson Seth Schuster said in a statement.
“There's more work to be done, but his record shows that Americans can't trust President Trump to do it.” “Instead of fighting greed, we will reinforce the same failed policies of giving massive tax breaks to the rich and big corporations and creating incentives for American jobs to go overseas.” .
The campaign also claimed that Trump, who is leading the Republican presidential nomination race, had “ruined” the economy as president.
Biden often points to the low unemployment rate as a clear indicator that the economy is improving. Although polls show a majority of Americans feel prices are too high, the president has consistently insisted that his economic plan, called Bidennomics, is working. Ta.
Despite widespread predictions last year that the U.S. economy would fall into recession, it has remained surprisingly resilient. But Republicans have been quick to attack Biden on economic issues, arguing that Americans' lives have gotten worse since he took office.
Meanwhile, the White House is bracing for more economic news next week as the Federal Reserve holds its last meeting of the year. The central bank is widely expected to keep interest rates on hold in a range of 5.25% to 5.5%, after keeping rates unchanged at its last two consecutive meetings.
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