![](https://i.imgur.com/CLvY2jA.png")
05-09-2023, 02:55 PM
"As I said a thousand times, there is no quit in America. None. All I hear from my friends on the other side, what they say is wrong with America. They keep telling us America is failing. They're wrong. I've got news for them. America has the strongest economy in the world right now today. Lowest inflation rate among any major economy, 13.5 million new jobs," Biden said.
"America isn’t failing. America is winning, and the rest of the world knows it. That's why our friends and allies are looking to us."
Biden’s remarks come after Commerce Secretary Gina Raimondo reacted to the U.S. Department of Labor’s latest report released on Friday showing the unemployment rate rose from 3.5% to 3.8% in August, the highest level since February 2022. The report noted 736,000 people began looking for work last month, the most since January, and not all of them secured employment right away.
Senate Republican leadership released a report in July showing inflation has soared by 16.6% since Biden took office. Grocery prices have increased by 20%, the report said, citing Bureau of Labor Statistics data, while energy prices have increased 38%. As of July, prices rose by 3.2% on average over the past 12 months. The August Consumer Price Index is not expected to be released until Sept. 13.
https://www.foxbusiness.com/politics/bid...v2-U8UT8CW
"America isn’t failing. America is winning, and the rest of the world knows it. That's why our friends and allies are looking to us."
Biden’s remarks come after Commerce Secretary Gina Raimondo reacted to the U.S. Department of Labor’s latest report released on Friday showing the unemployment rate rose from 3.5% to 3.8% in August, the highest level since February 2022. The report noted 736,000 people began looking for work last month, the most since January, and not all of them secured employment right away.
Senate Republican leadership released a report in July showing inflation has soared by 16.6% since Biden took office. Grocery prices have increased by 20%, the report said, citing Bureau of Labor Statistics data, while energy prices have increased 38%. As of July, prices rose by 3.2% on average over the past 12 months. The August Consumer Price Index is not expected to be released until Sept. 13.
https://www.foxbusiness.com/politics/bid...v2-U8UT8CW
