Steve HermanHiring slows in the US more than expected while unemployment increases. https://www.dol.gov/newsroom/economicdata/empsit_05032024.pdf
"With today’s report of 175,000 new jobs, the great American comeback continues," says President Biden in a statement. https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/03/statement-from-president-joe-biden-on-the-april-jobs-report/
Statement from President Joe Biden on the April Jobs Report | The White House
With today’s report of 175,000 new jobs, the great American comeback continues. When I took office, I inherited an economy on the brink, with the worst economic crisis in a century. I had a plan to turn our country around and build our economy from the middle out and the bottom up. Now we are…
The Democratic DifferenceMore details on that #GreatAmericanComeback under Biden:
• 175K jobs added in April
• 15.4 million jobs added since Biden took office
• Black unemployment rate falls significantly in April
• Overall unemployment stays below 4% for 27th straight month
• Prime-working-age labor force participation rate hits 20-year high
• Wages rising faster than inflation
