When President Joe Biden took office in January 2021, the U.S. annual rate of inflation was 1.4% — far from the 9% inflation Biden falsely said in a May 8 interview that he inherited. Inflation rose quickly in Biden’s first year, but it didn’t hit 9% until 17 months into his presidency.
Issues: jobs
Biden’s Numbers, April 2024 Update
FactChecking Biden’s Swing-State Stops in Pennsylvania
Familiar Claims in a Familiar Presidential Race
FactChecking Biden’s State of the Union
Biden’s Job Growth Chart Ignores Impact of Pandemic
Since President Joe Biden took office, the economy has added nearly 14.8 million jobs, 5.4 million more than the pre-pandemic peak in early 2020. All told, it’s an average monthly job growth of more than 400,000. But Biden misleadingly contrasts that with a loss of jobs under former President Donald Trump — a loss that occurred because of the COVID-19 pandemic.