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White House Eyes Bump In Biden's Approval Rating After Strong Jobs Report

US

President Biden ends the week with his approval rating underwater but showing some preliminary signs of recovery after a challenging four-month period which saw a dip in support amongst Democrat voters over Biden handling of the war between Israel and Hamas.

  • Biden said in a statement following today's jobs report: "America’s economy is the strongest in the world. Today, we saw more proof, with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year."
  • FT cites, Tom Simons, US economist at Jefferies, [who] described the figures as “stunning numbers” that left him “near speechless”.
  • The problem for the White House has been translating strong economic data into a saleable message for voters. The Biden administration was criticsed in summer last year for touting economic strength when consumers were still under the strain of inflation. While the White House will likely be cautious about repeating that mistake, the next few weeks appear opportune for a major pivot to the economy.

Figure 1: President Biden Approval Rating

Source: 538

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