American Economic Growth

The recent jobs report shows that the American economy under President Biden continues to add jobs at record rates. More than 13.9 million since President  Biden took office. The U.S. economic growth grew at an annual pace of 4.9% in the third quarter of this year. That is simply incredible and leads the world by far. Meanwhile, all this and inflation is in the range that the Federal Reserve prefers—it’s at 2.3%, close to the Fed’s target of 2%.

In contrast, in the Trump years, the average growth before the pandemic was 2.5% and the U.S. added only about 6.4 million jobs.

The U.S. is outperforming even the best predictions and forecasts.