WASHINGTON (AP) – Following in the footsteps of his predecessor, President Biden is vying for a two-month record-breaking loan as employers bring back many workers left out of the epidemic. Although his numbers are correct, it is a misleading portrait.
BIDEN. “In the first two months of our administration, we created more jobs than the first two months of any administration in American history.” – Friday remarks to members of the Asia Ամերիկ Pacific Islanders Congress
FACTS. Yes, but the posts are not what they used to be. The epidemic has caused unprecedented economic losses and profits. In the midst of this uproar, President Donald Trump was also able to demand record progress on some economic signs when the virus began to weaken last year but is returning.
Biden thanked lawmakers for supporting the epidemic aid package, which provided $ 1,400 to most Americans, and said that getting the job was “thanks to all of you.” But Biden’s numbers reflect the easing of restrictions on state-owned and local businesses, which his administration says are easing in some cases.
When some public health professionals begged the administration to send more vaccines to Michigan to help the growing infections there, for example, the director of the Centers for Disease Control and Prevention said, “The answer is to really shut things down.”
The epidemic created such a rapid, deep recession that almost all of last year’s job data were unprecedented. The same applies to the first two months of Biden’s presidency. Employers added almost 1.4 million jobs in March-April, which is an impressive profit in any amount.
But they are at least partly the result of deep losses in March-April last year, when 22.4 million unheard of jobs were cut in just two months. And despite Biden’s great achievements, there are still 8.4 million fewer jobs than before the epidemic, almost as many as the Great Recession of 2008-2009.
Recruitment has accelerated in the last two months as vaccinations began, states and cities eased business restrictions, and Americans began to do more. Biden’s $ 1.9 trillion bailout package, approved in March, with its big boosts, has likely helped boost the economy, possibly encouraging employment.
The Trump administration’s efforts to speed up vaccine development may also deserve some credit. But hiring has been strong in the last two months, in part because it has fallen from the beginning to the present.
EDITORIAL NOTE – A look at the veracity of the statements made by politicians.
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