President Joe Biden will deliver his State of the Union address at the U.S. Capitol on Feb. 7. The speech will take place at a pivotal time as he is touting what he deems significant accomplishments and facing multiple challenges while speculation mounts about his plans for seeking a second term in 2024.
During the speech, Biden is expected to tout the low unemployment rate, slowing inflation numbers, and the January jobs report that produced better-than-expected numbers.
A jobs report released by the Department of Labor on Feb. 3 indicated the lowest unemployment rate since May 1969 at 3.4 percent. On Jan. 26, the Department of Commerce published a report showing that Gross Domestic Product increased by 2.9 percent in the fourth quarter of 2022….