Home WORLD-NEWS AP FACT CHECK: Biden Inflates Job Impact Through His Policies Jimmy Carter...

AP FACT CHECK: Biden Inflates Job Impact Through His Policies Jimmy Carter International Monetary Fund Cincinnati Washington Facts

8
0

President Joe Biden on Wednesday inflated the impact of his policies on US jobs created in his first six months in office, misleadingly claiming that his administration had done more than any other president. He forgets to mention in his equation that he had population growth on his side.

A look at some of his claims at a CNN City Hall in Cincinnati:

BIDEN: “We created more jobs in the first six months of our administration than at any time in American history. No president, no government has ever created so many jobs.”

THE FACTS: His claim is misleading.

While the Biden administration has created more jobs than any other president in its first six months as president — just over 3 million in the five months followed by jobs reports — it’s partly because the U.S. population is larger than in the past. .

Calculated as a percentage of the workforce, job growth under President Jimmy Carter accelerated from February to June 1977 than in the same five months this year: 2.2% for Carter, compared to 2.1% for Biden.

Since the late 1970s, the US population has grown by more than 100 million people.

It is true, however, that the economy is growing rapidly — it grew 6.4% year-on-year in the first three months of the year — and this year is expected to grow at the fastest pace since 1984.

Biden’s $1.9 trillion bailout helped fuel strong growth, but much of the expansion also reflects a broader recovery from the unusually sharp pandemic recession, the deepest downturn since the 1930s. Even before Biden’s package, for example, the International Monetary Fund forecast US growth of more than 5% this year.

Biden also ignores the fact that the U.S. economy still has 6.8 million jobs below pre-pandemic levels, and that the unemployment rate is a high 5.9%, up from 3.5% in five decades before the pandemic.

____

Associated Press writer Christopher Rugaber contributed to this report.

____

EDITOR’S NOTE—A look at the veracity of political figures’ claims.

____

Find AP Fact Checks at http://apnews.com/APFactCheck

Follow @APFactCheck on Twitter: https://twitter.com/APFactCheck

LEAVE A REPLY

Please enter your comment!
Please enter your name here