Biden Celebrates Latest , Jobs Report , and Economic Gains .
'The Independent' reports that the United States economy
surpassed expectations in May while adding 272,000 jobs,
giving President Joe Biden a boost ahead of the 2024 election.
'The Independent' reports that the United States economy
surpassed expectations in May while adding 272,000 jobs,
giving President Joe Biden a boost ahead of the 2024 election.
The great American
comeback continues,
but we still have to
make more progress, Joe Biden, President of the United States, via 'The Independent'.
On my watch, 15.6 million
more Americans have
the dignity and respect
that comes with a job. , Joe Biden, President of the United States, via 'The Independent'.
Unemployment has been
at or below 4% for 30 months—
the longest stretch in 50 years. , Joe Biden, President of the United States, via 'The Independent'.
And a record high
share of working-age
women have jobs, Joe Biden, President of the United States, via 'The Independent'.
Despite Bureau of Labor Statistics data showing
a change of only 4%, the unemployment
rate exceeded economists' expectations. .
The greatest increase was seen in the health care
sector, which added 68,000 jobs in May,
while the government added another 43,000.
The greatest increase was seen in the health care
sector, which added 68,000 jobs in May,
while the government added another 43,000.
The month of May also saw wages go
up by 0.4%, contributing to a 4.1%
increase since the same time in 2023.
'The Independent' reports that the increase
in wages means that workers' earnings
have now outpaced inflation.
According to BLS data,
the consumer price index
increased by 3.4% in the past year