Joe Biden's First 365 Days - Off the Charts

Go4Broke

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Fox Business Network anchor Cheryl Casone was stunned by the just-released ADP jobs report, which showed 807,000 new private-sector jobs added in December — more than double the forecast. On Wednesday morning’s edition of Mornings With Maria, fill-in host Dagen McDowell tossed to Casone for the breaking release of the ADP Research Institute’s December employment report.

“Take a look at this! Eight hundred seven thousand jobs added for ADP for December, Dagen,” Casone continued. “And this is well above even the range of estimates. That was 300 to 600,000 they were looking for. The official estimate was four hundred thousand.”




 
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bga1

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Fox Business Network anchor Cheryl Casone was stunned by the just-released ADP jobs report, which showed 807,000 new private-sector jobs added in December — more than double the forecast. On Wednesday morning’s edition of Mornings With Maria, fill-in host Dagen McDowell tossed to Casone for the breaking release of the ADP Research Institute’s December employment report.

“Take a look at this! Eight hundred seven thousand jobs added for ADP for December, Dagen,” Casone continued. “And this is well above even the range of estimates. That was 300 to 600,000 they were looking for. The official estimate was four hundred thousand.”



LOL! Off the charts!

 

Go4Broke

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Wall Street Jounal: U.S. Jobs Report Shows Record Annual Gain

Nonfarm payrolls rose 199,000 in December, jobless rate declined to 3.9%

 

TRF Guy

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Wall Street Jounal: U.S. Jobs Report Shows Record Annual Gain

Nonfarm payrolls rose 199,000 in December, jobless rate declined to 3.9%

While the unemployment rate fell to 3.9 percent in December from 4.2 percent in November, last month’s job gain fell far short of projections. Economists expected the U.S. to have added roughly 420,000 jobs last month after several weeks of low unemployment claims and signs of strength from private sector payrolls
 

bga1

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Wall Street Jounal: U.S. Jobs Report Shows Record Annual Gain

Nonfarm payrolls rose 199,000 in December, jobless rate declined to 3.9%

Interesting. It went down from 807,000 off the charts jobs added to 199,000 off the charts jobs added in just hours. Now you are propagandizing about the "record annual gain". You are incredible. Why would there be a "record annual gain"- any reason you can think of? Hint: It ain't Let's Go Brandon.

The American people have figured this out and Biden is wildly unpopular in general and specifically on his performance on the economy. He's a disaster. Off the charts indeed!
 


Wally

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It went down from 807,000 off the charts jobs added to 199,000

Different measurements by different organizations.

I am curious about the disparity.
 

GoodasGold

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200,000 new jobs in December on top of an already robust ytd growth is impressive. Remember, the economy is a faith-based initiative. God bless Joe Biden!! 🇺🇸🕺🇺🇸
 

Ogee Oglethorpe

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Different measurements by different organizations.

I am curious about the disparity.
You should be. People like Broke are counting on you to just accept his massively edited cut and paste jobs at face value. Broke has been busted more times on this board for altering the material that he cuts and pastes than most can remember. The ultimate liar and fraud, busted on numerous occasions....
 

Wally

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You should be. People like Broke are counting on you to just accept his massively edited cut and paste jobs at face value. Broke has been busted more times on this board for altering the material that he cuts and pastes than most can remember. The ultimate liar and fraud, busted on numerous occasions....

I have read both stories outside of here.

Do you think Barrons is a left wing rag?

Barron's[2][3] is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp.

News Corp is definitely not left.
 



GoodasGold

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I have read both stories outside of here.

Do you think Barrons is a left wing rag?

Barron's[2][3] is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp.

News Corp is definitely not left.
Dow Jones is Deep State. Everybody knows that.
 

Spoofin

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More "un-retiring"? Amazing. I wonder what happened 🤔 🤔 🤔
 





bga1

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Labor force participation rate February 2020- 63.4%
Labor force participation now 61.9%

Off the charts.
 


howeda7

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Labor force participation rate February 2020- 63.4%
Labor force participation now 61.9%

Off the charts.
It's almost like a large boom of people were born in the 1950's and recently reached retirement age.. And that a lot of them that had been putting it off before the pandemic just decided not to go back to work after....I wonder if that's it. Nah, must be Biden's evil doing.
 

Wally

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It's almost like a large boom of people were born in the 1950's and recently reached retirement age.. And that a lot of them that had been putting it off before the pandemic just decided not to go back to work after....I wonder if that's it. Nah, must be Biden's evil doing.

If Trump was still president they would all be working...
🤣🤣🤣
 




Go4Broke

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Jobs and Unemployment

Employment — The U.S. economy added 6,215,000 jobs between January 2021, when Biden took office, and December, the latest month for which data is available from the Bureau of Labor Statistics.

Unemployment — Talking on Jan. 7 about the latest jobs report, Biden correctly noted that the unemployment rate — which was 3.9% in December — came “years faster than experts said we’d be able to do it.”​

“Today’s national unemployment rate fell below 4% to 3.9% — the sharpest one-year drop in unemployment in United States history; the first time the unemployment rate has been under 4% in the first year of a presidential term in 50 years. 3.9% unemployment rate — years faster than experts said we’d be able to do it,” Biden said.​

Labor Force Participation — The labor force participation rate has inched up some during Biden’s first year, from 61.4% in January 2021 to 61.9% in December.​

Between January and December, the U.S. added 367,000 manufacturing jobs, a 3% increase, according to BLS. That’s still 219,000 shy of the number of manufacturing jobs in February 2020, before the effects of the pandemic kicked in.​

Since bottoming out in April 2020, the number of manufacturing jobs rose steadily for the last eight months of Trump’s presidency, and have continued to rise under Biden.​

Economic Growth

The economy has rebounded under Biden, growing faster than it has in decades. The official data available so far show that real GDP grew at an annual rate of 6.3% in the first three months of 2021 and 6.7% in the second quarter, then slowed to 2.3% in the third quarter.​

The “GDP Now” forecast produced by the Federal Reserve Board of Atlanta currently projects that the fourth quarter rate will come in at 5.1%, based on what economic data are already available.​

Health Insurance

The estimated number of people without health insurance dropped slightly — by about 500,000 — in the first six months in 2021, compared with 2020. That’s according to early release estimates from the National Health Interview Survey, which found that 31.1 million people were uninsured at the time they were interviewed from January through June 2021.​

During the coronavirus pandemic, the percentage of nonelderly people with ACA exchange insurance has gone up, from 3.7% in 2019 to 3.8% in 2020 and 4.3% in the first six months of 2021.​

Stock Market

During the campaign, Trump repeatedly warned that if Biden were elected the stock market would “crash,” “collapse” “drop 100%” and “go down like you wouldn’t believe.” But the stock market has continued to rise under Biden.​

On Jan. 19, 2022, the Standard & Poor’s 500-stock average closed at 19.3% above where it had been the day before Biden was inaugurated.​

The Dow Jones Industrial Average, made up of 30 large corporations, is up 13.2% so far during Biden’s time in office.​

And the NASDAQ composite index, made up of more than 3,000 companies, including many in the technology sector, has risen 8.7% since he took office.​


Wages and Inflation

The Consumer Price Index rose an average of only 1.9% each year of the Trump presidency (measured as the 12-month change ending each January), 1.8% during Obama’s eight years in office and 2.4% during each of George W. Bush’s years. But during Biden’s first 11 months, the most recent on record, the CPI shot up 6.8%.​

Wages — Wages also have gone up under Biden, but not as fast as prices. Average weekly earnings for rank-and-file workers went up 5.2% during Biden’s first 11 months in office, according to monthly figures compiled by the Bureau of Labor Statistics. Those production and nonsupervisory workers make up 82% of all employees in the private sector.

Even at their recent peak, inflation-adjusted earnings remained well below the levels reached in the late 1960s. For a broader historical view, see our June 28, 2019, story “Are Wages Rising or Flat?”​

Corporate Profits

After two straight years of declining profits, corporations saw their profits surge to new heights under Biden — reaching an annual rate of just over $2.7 trillion in the third quarter of 2021, according to the latest Bureau of Economic Analysis data.​

Corporate profits dropped to an annualized rate of $1.58 trillion in the second quarter of 2020, before beginning to recover — ending at nearly $1.91 trillion for the year. The $2.72 trillion figure for the third quarter of 2021 is nearly 43% higher than the full-year figure for 2020.​

Border Security

The number of apprehensions at the U.S. border with Mexico increased 317% during Biden’s first full 10 months in office, compared with the same period in 2020, according to the most recent figures released by U.S. Customs and Border Protection.​

From January to March of last year, the number of apprehensions more than doubled to 169,216. They continued to rise, hitting a peak of just over 200,000 in July (a monthly figure that hadn’t been seen since 2000). The monthly numbers have come down a bit since then, and were at 165,783 in November. But that’s still nearly two and a half times the number from the previous November.​

According to U.S. Customs and Border Protection, the recidivism rate — meaning the share of people caught crossing more than once — was 27% in fiscal year 2021, which began under Trump on Oct. 1, 2020, and ended on Sept. 30, 2021, when Biden was president. By comparison, the rate was just 7% in fiscal year 2019. (Given that the Title 42 policy was enacted in March 2020, the fiscal year 2020 recidivism rate under Trump was similarly high, 26%.)​


Refugees

Trump placed a cap of 18,000 on refugee admissions for fiscal year 2020, and the U.S. accepted only 11,814 that year, according to State Department data.​

Trump lowered the cap to 15,000 for fiscal year 2021, which began under Trump on Oct. 1, 2020, and ended under Biden on Sept. 30, 2021. Although Biden raised that cap to 62,500 after taking office, the U.S. accepted just 11,411 refugees in FY2021 — about 400 fewer than it did in FY2020 and the lowest number in 40 years.​

Biden raised the cap to 125,000 for fiscal year 2022. But admissions still lag far below that cap. The State Department data through December 2021 show that in Biden’s first 11 full months in office — from February 2021 through December 2021 — the U.S. has admitted only 13,276 refugees, including just 3,268 in the first three months of fiscal year 2022.​

In his first full 11 months in office, Biden is averaging just 1,207 admissions per month — which is 34.5% less than the 1,843 monthly average under Trump’s four years and well below the 10,417 monthly admissions the Biden administration needs to reach its 125,000 annual goal.​

Home Prices & Homeownership

Home Prices — Home prices set new records under Biden, fueled by low interest rates, a lack of adequate inventory and other factors.​

The most recent sales figures from the National Association of Realtors show the national median price of an existing, single-family home sold in November was $362,600, up nearly 18% since January. The median price was even higher earlier in the year, hitting a record $370,100 in June.​

The homeownership rate, which the Census Bureau measures as the percentage of housing units that are owner-occupied, was 65.4% in the third quarter of 2021. That was 0.4 percentage points lower than the 65.8% rate during Trump’s last quarter in office.​

The most recent decline began in the third quarter of 2020 when the rate fell to 67.4% from 67.9% in the second quarter of 2020 — which was the peak under Trump.​

Trade

Figures from the Bureau of Economic Analysis show the U.S. imported nearly $720 billion more in goods and services than it exported during Biden’s first full 10 months in office through November. That gap was $154 billion, or 27.3%, more than it was during the same period in 2020, when the annual trade deficit was the largest it had been since 2008.​

Oil Production and Imports​

U.S. crude oil production dipped slightly to an average of 11.07 million barrels per day in Biden’s first full nine months, down 1% from the same nine-month period in 2020, according to the most recent data from the U.S. Energy Information Administration.​

However, the decline may only be temporary. This month, in its Short-Term Energy Outlook, the EIA said it expects U.S. crude oil production to increase to 11.8 million barrels per day in 2022 and to 12.4 million barrels per day in 2023, which, if it happens, would exceed the record of 12.3 million barrels per day in 2019.​

Crime

Nationwide crime data for 2021 from the FBI, which is what we have used for crime statistics in these reports, won’t be available until the fall. However, we do have crime figures compiled by the Major Cities Chiefs Association from 66 law enforcement agencies in big cities for most of 2021.​

From January through the end of September 2021, there were 6,502 homicides in those cities, up 10.1% from the same period in 2020. Although Biden had been criticized by Republicans for the rise, the number of murders had already increased significantly before Biden took office: From 2019 to 2020, they went up 32.7%, according to the Major Cities Chiefs Association.​

For the first nine months of 2021, the number of rapes increased 1.9%; robberies were down 5.7%; and aggravated assaults were up 4.9%, compared with the same time period in 2020. In 2020, aggravated assaults were also up, compared with 2019, but the number of rapes and robberies were both down.​

Debt and Deficits

The federal debt held by the public continued to climb after increasing by half under Trump. As of Jan. 18, the public debt, which does not include money the government owes itself, had increased to $23.3 trillion, up 7.9% from $21.6 trillion when Biden took office.​

Contributing to the rising debt was the massive $2.8 trillion deficit in fiscal year 2021, which was still 9.7% lower than the $3.1 trillion deficit in fiscal year 2020. In both years, the unusually large deficits were due primarily to pandemic-related economic disruptions and the trillions of dollars in federal spending that followed in response.​

U.S. Image Abroad

Under Biden, who pledged “to make America respected around the world again,” U.S. favorability ratings abroad have improved considerably, according to a Pew Research Center analysis published in June.​

Pew’s polling in 16 countries from March 12, 2021, to May 26, 2021, shows a median of 61% of foreigners said they had a favorable opinion of the United States. In the 12 nations also surveyed in 2020, many of which are key U.S. allies and partners, the median figure with a positive view of the U.S. had increased to 62%, up from a median of 34% in Trump’s final year.​

In all but two countries — New Zealand (42%) and Australia (48%) — favorability of the U.S. in 2021 was higher than 50%. “These broadly positive views reflect a sharp uptick since last summer,” while Trump was still president, “when ratings of the U.S. were at or near historic lows in most countries,” Pew noted at the time.​

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Go4Broke

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Looking back to campaign promises, Biden made 99 pledges and had worked on 88 of them by the end of last week. Among those, 16 have been achieved, 45 are in progress, 24 are stalled and three are compromised, according to PolitiFact.

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Although he has failed to get the pandemic under control, Biden has acted on all of his promises related to coronavirus. For example, he issued orders requiring masks to be worn in federal buildings and on airplanes and trains shortly after he took office.

He also reached the milestone of 100 million shots for 50 million people within his first 100 days. What's more, Biden honored his promises of increasing distribution and lowering costs for COVID-19 tests, including at-home tests.

Notably, the president signed the $1.9 trillion coronavirus stimulus bill into law last March, marking a huge step in fulfilling his promise to improve and build on Obamacare.

One of his priorities, environmental issues, has also seen progress. The president signed an executive order rejoining the Paris climate accords in January 2021. This was his first major action to tackle global warming and a sharp reversal of his predecessor's environmental rollback. The administration also submitted plans to the United Nations in April striving to put the country on a course to net-zero emissions by 2050.

 
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Spoofin

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Looking back to campaign promises, Biden made 99 pledges and had worked on 88 of them by the end of last week. Among those, 16 have been achieved, 45 are in progress, 24 are stalled and three are compromised, according to PolitiFact.

View attachment 16626

Although he has failed to get the pandemic under control, Biden has acted on all of his promises related to coronavirus. For example, he issued orders requiring masks to be worn in federal buildings and on airplanes and trains shortly after he took office.

He also reached the milestone of 100 million shots for 50 million people within his first 100 days. What's more, Biden honored his promises of increasing distribution and lowering costs for COVID-19 tests, including at-home tests.

Notably, the president signed the $1.9 trillion coronavirus stimulus bill into law last March, marking a huge step in fulfilling his promise to improve and build on Obamacare.

One of his priorities, environmental issues, has also seen progress. The president signed an executive order rejoining the Paris climate accords in January 2021. This was his first major action to tackle global warming and a sharp reversal of his predecessor's environmental rollback. The administration also submitted plans to the United Nations in April striving to put the country on a course to net-zero emissions by 2050.

Yep - the polls are wrong. Biden is doing great!
 







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