Biden Promotes Economic Policies in Pennsylvania Amid Job Cuts
Despite a 20-year low unemployment rate in Allentown, recent layoffs at major companies contrast with the president's economic recovery narrative.
- President Biden visited small businesses in Allentown, Pennsylvania, promoting his economic policies amid recent job cuts across multiple sectors.
- Biden's visit was met with mixed reactions, including heckling from some onlookers.
- The president's visit comes as unemployment in Allentown reaches a 20-year low of 3.9%, with 32,000 jobs added in the region and new business applications growing by over 30% in 2022.
- Despite these positive figures, recent layoffs at major institutions like Citigroup, Google, and Amazon contrast with the economic recovery narrative.
- Biden's economic policies, dubbed 'Bidenomics', have been criticized by Republicans, while others argue that the strong economy and low unemployment are results of these policies.