The official Twitter account of the White House was fact-checked by the community notes feature of the platform over the job creation and inflation figures during the Joe Biden regime. The White House Twitter account had retweeted a tweet by White House Press Secretary Karine Jean-Pierre talking about the figures.
Jean-Pierre, in her tweet, said, “For all of you wondering “What is Bidenomics?” 13.2 million jobs created. Unemployment has remained below 4% for the longest stretch since the 1960s. Inflation cut in half. Almost 800k manufacturing jobs created. There’s your answer.”
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The White House Twitter account retweeted it with the caption “It’s that easy.” The community notes feature of Twitter added a note saying the statistics lacked context since “it is misleading to count people returning to work, after the pandemic, as new jobs”.
According to a House Budget Committee report cited by community notes, Since 2021, about 72% of all job growth has come from recovering from the pandemic, not from the creation of new ones. In actuality, there has only been a 3.7 million increase in employment when comparing the current economy to pre-pandemic levels. However, previous to the pandemic, President Trump had created 6.7 million jobs, which is 3 million more than the current President, it added.
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The community note further said, “Inflation is half from its (2022) peak, but is nearly 3x the rate when Biden took office”. According to the Budget Committee report, prices are up 15.3 percent under Biden. Inflation remains over three times higher than just a couple of years ago.
U.S. Labor Department data released on July 12, 2023, show that the country’s annual inflation rate for the 12 months ending in June was 3.0%. This comes after a 4.0% increase in the prior quarter.
