WASHINGTON (AP) — President Joe Biden on Wednesday inflated the impression of his insurance policies on U.S. jobs created in his first half-year in workplace, misleadingly stating his administration had completed greater than every other president. He neglects to say he had inhabitants progress on his aspect in his comparability.
BIDEN: “We’ve created extra jobs within the first six months of our administration than any time in American historical past. No president, no administration, has ever created as many roles.”
THE FACTS: His declare is deceptive.
Whereas Biden’s administration within the first half 12 months as president has seen extra jobs created than every other president — simply over three million within the 5 months tracked by jobs studies — that’s partly as a result of the U.S. inhabitants is bigger than previously.
When calculated as a proportion of the workforce, job progress underneath President Jimmy Carter elevated extra shortly from February by way of June 1977 than the identical 5 months this 12 months: 2.2% for Carter, in contrast with 2.1% for Biden.
Because the late 1970s, the U.S. inhabitants has grown by greater than 100 million folks.
It’s true, although, that the financial system is rising quickly — it expanded at a 6.4% annual price within the first three months of the 12 months — and is predicted to develop this 12 months on the quickest tempo since 1984.
Biden’s $1.9 trillion rescue bundle contributed to the vigorous progress, however a lot of the enlargement additionally displays a broader bounce-back from the unusually sharp pandemic recession, the deepest downturn for the reason that 1930s. Even earlier than Biden’s bundle, for instance, the Worldwide Financial Fund was projecting U.S. progress of over 5% for this 12 months.
Biden can also be leaving out the truth that the U.S. financial system stays 6.eight million jobs in need of its pre-pandemic degree, and the unemployment price is an elevated 5.9%, up from a five-decade low of three.5% earlier than the pandemic.
Related Press author Christopher Rugaber contributed to this report.
EDITOR’S NOTE — A have a look at the veracity of claims by political figures.
Discover AP Reality Checks at http://apnews.com/APFactCheck
Comply with @APFactCheck on Twitter: https://twitter.com/APFactCheck