The Labor Department reported last week that the U.S. had added 254,000 jobs in September, bringing the total created during the Biden-Harris administration to a whopping 16 million. The unemployment rate dropped to 4.1 percent and hourly wages grew by 4 percent.
With gas prices coming down and inflation now close to the Federal Reserve’s 2 percent target, Elise Gould of the Economy Policy Institute declared that the American economy was “very strong,” even when compared to 2019, the year before the pandemic set in.