The economic rebound from the two-year pandemic may be one of the president’s best stories to tell on March 1. Job growth slowed somewhat in the second half of last year, but unemployment is so low that many employers are struggling to find workers. If he were giving the State of the Union address now, Mr. Biden could rightly claim to be presiding over a booming economy.
Still, inflation has driven up prices and that is adding to a disconnect for many people: They do not feel as good about the economy as the numbers suggest they should. Republicans on Friday seized on lower-than-expected job growth to attack Mr. Biden’s policies.
“Whether it’s anemic jobs growth, high inflation or a massive supply chain crisis, Democrats are doing a horrible job managing the economy,” said Mike Berg, a spokesman for the National Republican Congressional Committee.
Jen Psaki, the president’s press secretary, has repeatedly blamed people’s feelings about living in a pandemic for that disconnect.
“It’s less about data and more about what people are experiencing in their day-to-day life,” she said last week. “It doesn’t look normal. They’re worried about there being labor shortages and there being canceled flights, or not enough teachers in school because of the spread of Omicron. We understand that.”
Central to the administration’s response to those feelings is an effort to pass Mr. Biden’s social policy legislation, known as Build Back Better. The president argues that passage of the bill will lower prices for things like child care and prescription drugs, making people feel more secure about their financial futures.