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Why isn't the growing economy helping public perception of Biden?

·1 min

Will Americans Warm Up to’Bidenomics’ Amid New Jobs Data?

Americans’ perception of the economy has affected President Joe Biden’s approval rating. Despite this, people have continued to spend money, boosting economic indicators. The Bureau of Labor Statistics reported 353,000 job growth in January, surpassing economists’ projections. The unemployment rate remained steady at 3.7%. Record-breaking performance in the S&P 500 stock index has also contributed to positive economic signs. As the next general election approaches, voters will have different economic realities to consider between Biden and former President Donald Trump. Biden’s administration emphasizes the success of “Bidenomics,” while Trump predicts an economic downturn under Biden’s tenure. Inflation has cooled, and the Federal Reserve has maintained steady interest rates in an effort to control inflation. Biden’s challenge lies in convincing voters that he is effectively strengthening the economy, despite continuing negative perceptions.