'Doesn't Sound Like a Recession': Biden Optimistic Despite Economy Contracting

KONTAN.CO.ID - WASHINGTON, July 28 (Reuters) - President Joe Biden tried to soothe Americans' worries about the strength of the economy on Thursday, after new data showed it had contracted for two quarters in a row.
Biden and top White House officials touted several positive facts about the U.S. economy, including that employers are still hiring, unemployment is at 50-year lows and manufacturers are still investing.
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