If you’re the sort of political observer who lives and dies by ex-Bill Clinton campaign boss James Carville’s admonition that “the economy, stupid” is the key to winning elections, you might be under the impression that this was a good week for President Joe Biden.
According to the most recent jobs report from the Bureau of Labor Statistics, the US economy added 199,000 new positions over the last month, making the total number of new jobs added since Mr Biden took office in 2021 north of 14 million, with an unemployment rate under two per cent for nearly two full years.
