Arizona has recovered all jobs that were lost during the coronavirus pandemic, according to a report from the Arizona Office of Economic Opportunity (OEO).
The data shows that the state’s economy has gained 101 percent of jobs lost during the initial months of the economic shutdowns associated with the pandemic.
President Joe Biden’s approval rating has declined to 50%, its lowest level since he took office, the latest Associated Press-NORC poll showed.
While 50% of Americans approved of Biden’s job performance, 49% disapproved, according to the AP poll released Friday. The survey — conducted between Sept. 23-27 — showed the president’s approval rating declining to 85% among Democrats, 38% among Independents and 11% among Republicans, each category’s lowest level of Biden’s presidency.
As the country continues to climb back from more than a year of an economic downward spiral during the COVID-19 pandemic, cities in states with Republican-led governors that imposed fewer restrictions are experiencing a faster and more robust comeback.
A study by WalletHub ranked the top 180 cities in the country to determine where economic recovery is occurring.
Along with a working vaccine, Joe Biden inherited a V-shaped economic recovery, but he is now planting the seeds of its destruction. Inflation, federal deficits, high taxes, incentives for workers to stay home, and incentives to avoid investment – they’re all coming back. Together, these elements create the perfect brew for a Lyndon Johnson-style stagflation. If Biden and the Democrats so quickly wreck the good economic path they were given, it will be one of the worst examples of government malpractice in U.S. economic history.
In the first, dark days of the COVID-19 national economic shutdown last spring, there was a clear need for major stimulus. Both parties united to pass an effective and much-needed response.
The U.S. gross domestic product saw a 33.4% surge in the July-September third quarter of 2020, after plunging 31.4% in the April-June second quarter. The economy continued to grow at a 4% rate in the fourth quarter, and the stock market (despite COVID) ended 2020 with the S&P 500 index up 16% for the year as a whole.