By Aaron Childree
September 2023
In the year from June 2022 to June 2023, inflation gradually but consistently decreased from its peak of 9.1 percent to 3 percent (it has since ticked up slightly). Additionally, the unemployment rate stayed below four percent. However, President Biden’s economic approval rating remained stubbornly low. His approval rating on the economy in the most recent poll available in the Roper Center database at the time of writing was still only 33 percent (A Reuters/IPSOS poll conducted in August of 2023).
Read more here on possible reasons in a data brief by 2023 Mitofsky Graduate Fellow Aaron Childree.