was retarded in 2020? well even being retarded he was able to do a good job with the economy. Here are Biden's results in the first half of "2024" (through out the first 3 years of his presidency:
As we look back at 2024, we want to summarize the major economic highlights of the year.
Economic Data Mostly Positive
US economic growth, job creation, and inflation continued to improve through 2024, though progress came with some caveats.
•
Stable GDP Growth: GDP came in at a 1.6% for Q1 2024, the lowest since Q2 2022, but Q2 2024 came in at 3.0% and Q3 2024 at 3.1%.
•
Non-farm employment rose by ~2.2 million jobs from January through December, though the unemployment rate moved up to 4.1%, 0.5% higher than December 2023. 4.1% is still a low figure compared to the longer-term average of 6.2% but does reflect a slowing pace of US growth.
•
Inflation improving (for now). The consumer price index (CPI) was up 2.7% and core CPI was up 3.3% year/year in November. This is a marked improvement from the 3.3% and 3.9% pace in December
