The Biden administration has a long list of metrics to make the case that the U.S. is enjoying the strongest economic recovery from Covid-19 in the world: low unemployment, higher wages, a record 6.4 million jobs created in 2021. One number, however, could erase any gains: 7%. It represents the highest annual increase in inflation since 1982. Republicans are wasting no time seizing on that fact, and it’s working. A year after taking over, Biden’s approval ratings are headed downward and consumer confidence has sunk to its lowest in more than a decade.
We looked at the metrics that best sum up where the U.S. economy stands at the end of Biden’s firstyear.
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