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The WØRD – “Perceptions”
Downloads: Democrats Deliver Fact Sheet Economist/YouGov Poll This week’s guest: Speaker Pro Tem Laurie Pohutsky (D-Livonia) From the chair A new poll from The Economist and YouGov shows there’s a huge disconnect from what people believe is happening in America and what cold, hard statistics show is our very excellent reality. The perception: our economy is in a bad place, it’s getting worse, and the President has done a poor job bringing us back from the Trump-era downturn. The numbers tell us something far different. The U.S. has the strongest economic growth since the pandemic of any leading economy in the world. While economists predicted a recession as the Fed raised interest rates, it hasn’t happened. The economy continues to grow: Wages are rising—higher than last year and higher than before the pandemic, accounting for inflation Annual inflation has fallen by two-thirds since last summer and has averaged less than 2% over the last 3 months 187,000 jobs were created last month— a total of 13.5 million jobs have been created since President Biden took office (that includes 1.5 million in manufacturing, construction and engineering) The unemployment rate is just 3.8% —under 4% for 19 months in a row—the longest[...]