Yes, the unemployment rate is quite low, at 3.6%. That’s a strong data point in Biden’s favor.
However, the labor force participation rate still hasn’t recovered to its pre-pandemic levels because a significant number of people aren’t looking for work (and thus not counted in the unemployment rate). Many workers remain on the sidelines, perhaps because of dysfunctional COVID-era welfare programs, childcare issues, or a number of other reasons.
And that’s just the start.
The economy is shrinking, not growing.
Inflation is at a 40-year high and will cost the average family more than $5,000 this year just to maintain the same standard of living.
Gas prices are at an astounding $4.95 per gallon nationwide, roiling people and disrupting our lives.
A massive labor shortage, dysfunctional big government regulations, and other issues are plaguing our supply chains and leading to shortages of essential goods, such as baby formula.
You get the picture.