The economy is a trouble spot for Biden despite strong signs. Here's why

President Joe Biden speaks about the economy during a meeting with CEOs in the South Court Auditorium on the White House complex in Washington, Thursday, July 28, 2022. (AP Photo/Susan Walsh)

The economy’s good. The economy’s bad.

It depends on who you ask — and increasingly which party is in the White House when you ask.

It was yet another strong jobs report Friday, exceeding expectations. Almost 200,000 jobs were created last month and unemployment dropped to 3.7%, which is near full employment.