We keep hearing about "Bidenomics", and we keep hearing from conservatives how terrible and awful things are. But in March, the economy added 303,000 jobs, and the UE rate fell to 3.8%.
There is a serious disconnect between a lot of folks' belief that things are terrible. The UE rate has been below 4% for two years - the last time that happened was around 1970. Inflation is still a little high, but it is certainly not what people think it is. For the last 14 months it's averaged just over 3%.
The economy is NOT bad. Not at all. In fact, by historical standards, it is really good. Violent crime is down.
And yet half the country is totally convinced we are falling apart.
There is a serious disconnect between a lot of folks' belief that things are terrible. The UE rate has been below 4% for two years - the last time that happened was around 1970. Inflation is still a little high, but it is certainly not what people think it is. For the last 14 months it's averaged just over 3%.
The economy is NOT bad. Not at all. In fact, by historical standards, it is really good. Violent crime is down.
And yet half the country is totally convinced we are falling apart.
