in a way. so, what do you, as an economics reporter, what do you think the economic impact of the eras tour is? oh, it s massive, but i think the. is that a technical term? economically technical term, massive ? i like it. uh, i wouldn t say that, i think that s just my own personal view, but you do have data supporting that, right? so, in a way, i feel like the key word here is reacceleration. it s not that people wouldn t be staying at hotels or wouldn t be travelling if it weren t for taylor swift but i feel like, in a way, what she did was that she accelerated that recovery, right? so, in places like chicago, i feel like eventually were going to recover in terms of hotel stays and all of that and tourism. but she did accelerate it. and bloomberg economics itself estimated that the impact not only from taylor swift herself, but what they called
bloomberg economics well, you re the economics reporter at bloomberg and, as i said earlier, you coined the term swiftonomics. well done. how did you start reporting on taylor swift? well, it actually started with a personal question, which was why can t i get tickets?, right? so, when she announced that tour in 2022, i was essentially trying to get tickets myself and they were sold out immediately. so, the next morning and, i mean, i, like you said, i m an economics reporter, so i cover things like inflation, the labour market and consumer demand. so, the next morning, i was actually talking to my boss who has who s a dad to two girls, and he also tried to get tickets and couldn t. so, we did ask ourselves this question what does this say about the us economy, right? because i don t know to what extent people in the uk were following what was happening here but back then, in 2022, everyone was sort of expecting a recession,
was president, it is better under biden. the unemployment rate, rather than the number of jobs created per month, has been another good indication for the economy. remember, those who have been watching me for a long time note that i have never liked this number very much because it is a percentage. the denominator changes every month. trump loved it, so imagine it s the comparison. the average unemployment rate the next two years has been better than the rates had any point during trump s term. under biden, this percentage or lower for 25 straight months, the longest since the late 1960s. again, in my youth is an economics reporter, it was looking up 5%, that s full employment. it doesn t get better than. that will take 2021 out again because that was covid. we ll take that out of the mix. biden stuff makes trump stuff, it beats it every time. it beats it every month. there s a number of other indicators for president biden, despite what misinformed americans believe. last wednesday,
presidency. that still pales in comparison to biden s 2023, 225,000 jobs, and biden s 225,000 is stronger than anything else that trump did in his three years full, years as president. while trump has been claiming that everybody had jobs when he was president, it s actually better under biden. the unemployment rate, rather than the number of jobs created per month, has been another indication for the economy. people who have been watching me for a long time know that i ve never liked this number very much, because it s a percentage, and the denominator changes every month. but trump loved it, so i m adding it to the comparison. the average unemployment rate in the last two years has been better than any rate at any point during trump s long term as president. under biden, it s actually been below 4% for 25 straight months. again, let s take a 2021, because that was the height of covid. that s an anomaly. this is the longest streak of below 5% since the 1960s. in my youth, as an econom
On Friday's broadcast of CNBC's "Squawk Box," White House Council of Economic Advisers Chair Jared Bernstein stated that the Biden administration has | Clips