Reported 11 months ago
Despite an impressive job tally exceeding 15.6 million, voters have shown little interest in Joe Biden's labor-market performance, focusing instead on concerns over inflation. The latest employment report revealed 272,000 jobs added in May, pushing the unemployment rate to 4%. While Biden praised the economic rebound, emphasizing a drop in unemployment, his campaign still faces skepticism from voters regarding his economic record due to inflation. The upcoming job reports and Consumer Price Index readings may play a crucial role in shaping opinions leading up to the election between Biden and Donald Trump, with the possibility of Fed interest rate cuts impacting voter sentiments.
Source: YAHOO