When President Joe Biden took office in 2021, the economy was strong but gradually weakened as inflation eroded Americans' purchasing power. Now, with inflation easing, the Biden economy is regaining strength, looking as robust as it did at the start of his presidency.
Biden's conomy is strongest in 3 out of 6 categories: employment, manufacturing employment, and GDP growth, & third out of eight in stock performance & second out of five in exports (data goes back to 1993).
10/16/2024
Since July, the Biden economy has improved on the Yahoo Finance Bidenomics Report Card, moving from a B+ to a solid A—the same grade it received in Biden’s first month in office, January 2021.
The Bidenomics Report Card evaluates six key metrics using data from Moody’s Analytics: total employment, manufacturing employment, real earnings adjusted for inflation, exports, stock market performance, and GDP growth per capita. The performance in each category is compared to seven previous presidents, dating back to Jimmy Carter in the 1970s. (You can find the full methodology here.)
Under Biden, the economy ranks strongest in three of the six categories: total employment, manufacturing employment, and GDP growth. It ranks third in stock market performance and second in exports, though export data only goes back to 1993.
Biden’s weakest area has been average hourly earnings, as high inflation in 2022 and 2023 diminished the value of a typical paycheck. For seven months in 2022, Biden’s score in this category was the lowest among the eight presidents analyzed
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6/5/2025 8:27 PMElon Musk has endorsed a post saying Trump should be impeached
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