KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Wednesday, September 27, 2023
© 2023 U-S-NEWS.COM
Online Readers: 312
New York: Wednesday, September 27, 2023
Online: 303
Join our "Free Speech Social Platform ONGO247.COM" Click Here
US President Joe Biden arrives to board Air Force One at Joint Base Andrews in Maryland, on September 2, 2023. Biden travels to Florida to visit communities ravaged by Hurricane Idalia. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

NEWS HEADLINES: Biden Touts Job Report As Unemployment Rate Rises – One America News Network

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

US President Joe Biden arrives to board Air Force One at Joint Base Andrews in Maryland, on September 2, 2023. (Photo by STEFANI REYNOLDS/AFP via Getty Images)

OAN’s Roy Francis
1:28 PM – Saturday, September 2, 2023

President Joe Biden delivered a speech on Friday, remarking on the number of jobs that have been added to the job market.

Advertisement

The president said that the United States is in one of the “strongest job creating periods in our history,” after the recently released Bureau of Labor Statistics report said that 187,000 jobs were added in the month of August, an increase from the 157,000 in July.

“We came to office determined to build the economy in a different way, from the middle out and the bottom up, not the top down,” Biden said. “While I’m proud of the historic legislation my administration has passed and the policies we’ve enacted, the real heroes of this story are the American people, average Americans. They’re the ones getting up every day, putting their heads down, going out that door and going to work.”

However, while the amount of jobs that have been added has increased, the unemployment rate rose as well in the month of August to 3.8%, bringing the amount of people without employment to 6.4 million.

The current rate of unemployment is the highest that the country has seen since February 2022, according to the Labor Department.

Google Ad
Google Ad

The Bureau of Labor Statistics also showed that rent, transportation, food and gas prices have all been on the rise as well.

Meanwhile, according to a recent LendingClub report, 61% of adults say that they are living paycheck to paycheck. Almost three-quarters of consumers that are earning less than $50,000 annually, and 65% of those who earn between $50,000 and $100,000, have also been living paycheck to paycheck.  

While touting “Bidenomics,” Biden slammed President Donald Trump for leaving office with “fewer jobs than when he entered.”

“It wasn’t that long ago that America was losing jobs,’ he said. ‘In fact, my predecessor was one of only two presidents in history, who entered his presidency and left with fewer jobs than when he entered.”

However, the previous administration had seen massive job growth until the economic shutdown across the country due to COVID-19 had forced people home, leading to a stall in economic growth.

According to the Bureau of Labor Statistics, the industries that saw the most job growths in August were health care, leisure and hospitality, social assistance and construction.

Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts





Source link

(Visited 4 times, 1 visits today)
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today