Home / News / World /  Unemployment rate near record low, Joe Biden government ‘delivering historic results’

US President Joe Biden has claimed that, with the unemployment rate near a record low, his government is “delivering historic results". “The economy added 263,000 jobs and wages rose in November. And the unemployment rate is near a record low. We’re delivering historic results for the American people," Biden tweeted earlier.

Following the release of fresh data showing a healthy increase in employment, Biden claimed last week that things were headed in the "right direction".

With the record low for the US unemployment rate being at 3.5%, the latest data on November 30 shows it is at 3.7%. The rate reached a record high of 14.7% in April 2020 at the peak of the coronavirus pandemic, when the economy came to a halt.

The tweet comes in the midst of speculations that Biden may seek a second term at the White House. Biden is having the finest time of his whole first term while his rival Donald Trump launches his own scandal-plagued 2024 presidential campaign. Things seem promising for Biden from a political standpoint. But, whether Biden runs for office again will be decided by his doctors and family, not by political commentators.

For the time being, the economy is disproving dire recession predictions. Massive spending bills approved by Congress during Biden's first two years in office are now starting to flow, funding both modern infrastructure like roads and bridges as well as high-tech industry like semiconductors and green energy.

The US-led coalition's success against Russia in Ukraine after almost ten months helps the world move past the disappointment of Afghanistan. Biden recently received the prosperous and opulent state visit of French President Emmanuel Macron at the White House.

The shuffling gait, the occasionally disinterested facial expressions and the occasional awkward verbal hiccups are all signs of ageing that Biden exhibits at the age of 80. At the publication of his official annual physical, Americans will receive a more scientific overview. Biden was deemed fit to carry out the responsibilities of the presidency a year ago by the White House doctor.

(With agency inputs)


Sounak Mukhopadhyay

Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. He's also contributed to Free Press Journal and TheRichest with feature articles. He covers news for a wide range of subjects including business, finance, economy, politics and social media. Before working with digital news publications, he worked as a freelance content writer.
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