Economics
The Uneven U.S. Economy in 6 Charts as Biden Takes Office
- Housing, manufacturing belie job market, spending retrenchment
- Treasury nominee Yellen urges ‘act big’ on more fiscal relief
Mortgage rates at record lows coupled with a desire for bigger spaces has ignited a housing boom.
Photographer: Sam Hall/BloombergThis article is for subscribers only.
Joe Biden assumes the helm of the world’s largest economy and faces an uneven recovery -- steady in some areas like housing and manufacturing but rough in others, most notably the job market.
In the week prior to his inauguration Wednesday as the 46th U.S. president, Biden vowed to push for more aid once in the White House, unveiling an initial economic recovery plan with a $1.9 trillion price tag.