new video loaded: Biden Calls Economic Recovery ‘Durable and Strong’
Biden Calls Economic Recovery ‘Durable and Strong’
President Biden said the spread of the Delta variant led to the disappointing August jobs report, but that his administration’s recovery plan “is working.”
We have more evidence of the progress of our economy from last year’s economic calamity. Today, we learned the economy created 235,000 new jobs in August and the unemployment rate fell to 5.2 percent, the lowest it has been in 18 months. But despite the impact of the Delta variant — and I’ll talk a little more about that in a minute — what we’re seeing is an economic recovery that’s durable and strong. The Biden plan is working. We’re getting results, America is on the move again. Today’s revision of previous month job gains— with the revision of the July numbers — this report means that we have been adding an average of 750,000 jobs per month on average during the past three months. While I know some wanted to see a larger number today, and so did I, what we’ve seen this year is the continued growth, month after month, in job creation. It’s not just that I’ve added more jobs than any first year — in the first year of any president — it’s that we’ve added jobs in every single one of my first seven job reports and wages are going up.
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