President Joe Biden hailed “more good news” after the latest government data showed US employers added a healthy number of jobs in August.
(Bloomberg) — President Joe Biden hailed “more good news” after the latest government data showed US employers added a healthy number of jobs in August.
“The great American jobs machine continues its comeback,” Biden said Friday at the White House.
“The bottom line is jobs are up, wages are up, people are back to work. And we’re seeing some signs that inflation may be — may be, I’m not over promising — may be beginning to ease,” he added, noting that the data indicated working-age women were now employed at rates not seen since before the onset of the Covid-19 pandemic.
Nonfarm payrolls increased 315,000 last month following a revised 526,000 advance in July, a Labor Department report showed Friday. The unemployment rate unexpectedly rose to a six-month high of 3.7%, the first increase since January, as the participation rate climbed.
The state of the economy will be a key factor heading into the November midterms that will determine whether Democrats retain their slim House and Senate majorities. Polls indicate that the economy is voters’ primary concern.
Read more: US Employers Add 315,000 Jobs as More Workers Join Labor Force
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