WASHINGTON (AP) — President Barack Obama will deliver his final State of the Union address to a nation whose economy is far sturdier than it was when he took office in 2009 during the Great Recession.
The economy created a healthy 2.65 million jobs last year. Yet as 2016 begins, that’s accompanied by tepid economic growth and stubbornly flat wages.
More broadly, two things are on the rise, to the president’s dismay: global temperatures and Americans’ concerns about terrorism.
The Dow Jones industrial average had its worst year since 2008.
But in good news for consumers, drivers were paying a U.S. average of $2.03 for a gallon of regular gas last week.
And homebuyers’ mortgage interest rates are at a relatively low 3.97 percent. That’s well south of the historic 6 percent average.