economists predicted. fara pacing the average monthly job growth through 2022. the federal unemployment rate went down one tenth of a potential point for 2.4%, the lowest unemployment rate since may of 1969. 53 and a half years ago. president biden touted the strong economic showing yesterday at the white house. here is what we will resigned. the strongest job growth in history, the lowest unemployment rate in 54 years, manufacturing rebounded in a faster rate than the last 40 years, inflation is coming down, but simply, i would say the biden economic plan is working. now the question becomes, is the country doing well enough to stave off the recession that has had been in fear what happened? to put down the good, the bad, and the not-so-ugly of the economy. my friend caleb silver. the editor in chief of investopedia. caleb, thank you for being. let s start with the good. this is august, you and i have known each other for a lot of years, how many times have you
the financial community. it s actually not true it s gonna go insolvent it s not true it s the facts my good friend joy reid is right. that line about the social security that congressman byron donalds tried to get past her is simply not true, as she would say. social security will not be insolvent by 2035. according to investopedia, social security as a pay as you go system where or assist recipients under any accumulated surplus fund everyone s benefits. payroll tax or not for particular pet taxpayers. let me break this down further. if you are currently connecting social security your monthly check is paid for by peril of current taxes of the labor force. so as long as americans are working in paying taxes, social security will continue to pay benefits. it is true that the amount of the benefits paid out could be reduced, if this problem is not addressed by 2023. hopefully soon.
/PRNewswire/ Investopedia (www.investopedia.com) today announced the release of its first-ever special edition print magazine, the Investopedia Retirement.