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Biden described several positive indicators of the economy during his presidency. He touted the creation of over 16 million new jobs— the most during any single presidential term in U.S. history. He noted the lowest average unemployment rate in 50 years and record numbers of new business applications. The stock market also reached unprecedented highs under his leadership, alongside significant increases in investment in clean energy and manufacturing.
Despite these achievements, the president acknowledged the ongoing struggles faced by many middle-class families who continue to grapple with high prices for necessities like housing and groceries. He recognized the long-lasting impacts of inflation and highlighted the importance of addressing these issues head-on.