Biden's claim that take home pay is going up ignores inflation
Wage increase is only beginning to compensate for the wages that were eaten away by inflation earlier in Biden’s presidency.
Stay updated with breaking news from Total Private. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Wage increase is only beginning to compensate for the wages that were eaten away by inflation earlier in Biden’s presidency.
The state’s seasonally adjusted November 2022 unemployment rate was 3.9 percent, increasing 0.1 of a percentage point from October’s revised rate. The national rate remained unchanged at 3.7 percent.
Today's piece explores, in greater detail, the unemployment rate, labor force participation rate, and other empirical data points.
The state’s seasonally adjusted September 2022 unemployment rate was 3.6 percent, increasing 0.1 of a percentage point from August’s revised rate. The national rate decreased 0.2 of a percentage point
President Joe Biden said incomes are up, but that ignores inflation