{"id":1966514,"date":"2023-07-07T11:27:02","date_gmt":"2023-07-07T15:27:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-celebrates-bidenomics-amid-slowing-job-growth\/"},"modified":"2023-07-07T11:27:38","modified_gmt":"2023-07-07T15:27:38","slug":"biden-celebrates-bidenomics-amid-slowing-job-growth","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-celebrates-bidenomics-amid-slowing-job-growth\/","title":{"rendered":"Biden embraces &#8216;Bidenomics&#8217; despite job growth slowdown."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-celebrates-bidenomics-amid-slowing-job-growth%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1966514&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden: &#8220;Bidenomics in Action&#8221;<\/h2>\n<p>President Joe Biden is confident that his economic plan is making a positive impact, despite signs of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/recession-and-a-pay-cut-gop-blasts-slowing-job-growth-sub-zero-real-wages-under-biden\/\" title=\"\u2018Recession and a Pay Cut\u2019: GOP Blasts Slowing Job Growth, Sub-Zero Real Wages Under Biden\">slowing job growth<\/a>. In June, the economy added 209,000 jobs, marking its slowest gain since December 2020. However, Biden released a statement on Friday morning emphasizing that progress is still being made.<\/p>\n<blockquote>\n<p>&#8220;This is Bidenomics in action,&#8221; he declared. &#8220;Our economy added over 200,000 jobs last month, bringing the total to 13.2 million jobs since I took office. That&#8217;s more job creation in two and a half years than any president has achieved in a four-year term.&#8221;<\/p>\n<\/blockquote>\n<p>The latest report from the Bureau of Labor Statistics indicates a slowdown in the labor market, as the Federal Reserve tightens monetary policy to combat inflation. Despite this, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-celebrates-bidenomics-amid-slowing-job-growth\/\" title=\"Biden embraces 'Bidenomics' despite job growth slowdown.\">unemployment rate dropped slightly<\/a> to 3.6%, which is historically low.<\/p>\n<blockquote>\n<p>&#8220;The unemployment rate has now remained below 4% for 17 consecutive months, the longest stretch since the 1960s,&#8221; President Biden highlighted. &#8220;The percentage of working-age Americans with jobs is at its highest level in over 20 years. Inflation has decreased by more than half. We are experiencing stable and consistent growth.&#8221;<\/p>\n<\/blockquote>\n<p>While it is true that inflation has decreased by more than half since its peak of 9.1% last June, it is important to note that the inflation rate was only 1.4% when Biden took office, which is still roughly double the Fed&#8217;s target rate of 2%. Experts predict that the Fed will continue to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/morgan-stanley-threat-of-high-inflation-is-real\/\" title=\"Morgan Stanley: Threat of high inflation is real\">raise interest rates<\/a> to cool down the economy.<\/p>\n<p>The term &#8220;Bidenomics&#8221; has been heavily promoted by the White House in recent weeks, while Republicans have criticized it and pointed to statistics such as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-ortiz-consider-the-consequences-of-bad-public-policy-on-small-business-saturday\/\" title=\"Exclusive--Ortiz: Consider the Consequences of Bad Public Policy on Small Business Saturday\">falling real wages<\/a> under the Biden administration.<\/p>\n<blockquote>\n<p>&#8220;That&#8217;s Bidenomics,&#8221; President Biden asserted on Friday. &#8220;We are growing the economy by creating jobs, reducing costs for hardworking families, and making intelligent investments in America.&#8221;<\/p>\n<\/blockquote>\n<p>For more information, <a href=\"https:\/\/www.washingtonexaminer.com\">click here<\/a> to read more from The Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden remains optimistic about his economic plan despite a slowdown in job growth. With only 209,000 jobs added in June, the slowest increase since December 2020, Biden emphasizes ongoing improvement. Despite setbacks and scandals, Biden faces a challenging summer.<\/p>\n","protected":false},"author":1,"featured_media":1966515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1966514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1966514"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1966515"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1966514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1966514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1966514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}