![]() ![]() In 2019, Chicago averaged an air quality index (AQI) of 52 (“moderate”). Menendez blocks 2 Senate confirmations before holiday recessīiden kept at distance from McConnell on border deal talksĢ paramedics found guilty in death of Elijah McClain, who they injected with an. Wisconsin Supreme Court overturns GOP-drawn maps legislative Trump says he would peacefully transfer power at end of his term if reelected Supreme Court won’t take up Trump’s criminal immunity, for now Moderate Democrats fume over Biden hydrogen proposal Scientists repeat nuclear fusion breakthrough 3 times George Conway suggests Trump shouldn’t be able to appeal Colorado. Raskin: Trump can’t hold office again under 14th Amendment Gingrich suggests 14th Amendment doesn’t apply today Joe Rogan knocks Biden over Trump’s claim of airports during Revolutionary War These cities and towns are most dangerous in the US, study finds Graham declares ‘war’ against NY to protect Chick-fil-A’s Sundays off Trump rails after poll shows Haley within 4 points in New HampshireĮx-White House lawyer says Supreme Court could rule ‘9-0’ in possible Trump. Karl Rove says Ronna McDaniel ‘in trouble’ over Trump’s Michigan call This material may not be published, broadcast, rewritten, or redistributed. With the economy reaching inflation numbers not seen in 40 years, the Federal Reserve this week raised its interest rate by 0.5 percent, the largest such increase in more than 20 years.Īmid the surging growth and the spiking inflation, Democrats and Republicans are looking to seize on economic factors to gain support in the upcoming midterm elections. Supply chain issues due to the pandemic and the Russian invasion of Ukraine have caused a number of factors contributing to skyrocketing costs. Unemployment and job numbers have receded as the largest economic threat, as record-breaking inflation has taken hold and become a hot topic in the U.S. The unemployment rate was just 3.6 percent in March, the closest seen to pre-pandemic numbers in two years. No more relief packages have been issued but Biden has continued to extend the pause on student loan payments. While unemployment hovered at just around 4 percent at the beginning of the year, the billion in payments to Americans and the return to work led to spikes in consumer prices on items like cars, groceries and utilities.Īll states dropped COVID-19 restrictions, though some cities have renewed them as cases have increased, and vaccines and boosters are available for everyone over the age of 5. Overall, the economy grew by 5.7 percent and was able to recover faster than it did during the Great Recession. Gross domestic product in 2021 grew the fastest in decades as businesses reopened and millions were able to get back to work and get back to spending. Sporting events were fully packed with spectators, and entertainment venues began to open for business.īy the end of the year, the unemployment rate was back down to 3.9 percent as most businesses were allowed to reopen without interference from the federal government. The plan offered $1,400 cash payments directly to citizens, increased the annual Child Tax Credit and expanded unemployment insurance and benefits.Īs the delta variant COVID-19 wave subsided, states began loosening restrictions and returning to some semblance of normalcy. The first relief package passed under Biden was the American Rescue Plan, which was signed in March. ![]() battled through new COVID-19 variants and various surges in cases but saw a loosening of restrictions.Īt the beginning of the year, January saw an unemployment rate of 6.4 percent with 10 million people unemployed when Biden took office. Unemployment still failed to reach pre-pandemic levels in 2021 as the U.S. The economy surges and threatens to overheat under Biden That package gave direct checks of $600 to Americans, expanded the timeline for unemployment benefits, extended the eviction moratorium, and offered more money for small businesses and industries that were hit hardest during the pandemic.ĭata showed that 2020 was the worst year for economic growth since 1946, with the economy shrinking by 3.5 percent. for the elderly or high-risk people.Īt the same time, Congress agreed on another stimulus package for the U.S. The unemployment rate steadily declined through the rest of the year as people got back to work, hitting 6.7 percent in December when the first COVID-19 vaccines were distributed throughout the U.S. The orders included measures to create the Lost Wages Assistance program and extend the moratorium on student loan payments. When the unemployment rate finally dropped below 10 percent to 8.4 percent in August, Trump signed executive orders releasing new measures to help Americans who were still struggling economically.
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