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Our economic recovery continues under President Biden. Unemployment falls to its lowest level since August of last year.
The drop in the headline unemployment rate looked even stronger considering that the labor force participation rate ticked up to 61.7%, tied for the highest level since the pandemic hit in March 2020. A separate calculation that includes discouraged workers and those holding jobs part-time for economic reasons fell even further, to 9.2% from 9.8% in June.
"This not only was a strong jobs report by nearly every measure, it also signals more good things to come," said Robert Frick, corporate economist at Navy Federal Credit Union.
Thank you for your competence and for steering America back to greatness, President Biden.
Maybe people were worried about losing all the government freebies that they were receiving and decided it was time to be a productive member of society
Our economic recovery continues under President Biden. Unemployment falls to its lowest level since August of last year.
The drop in the headline unemployment rate looked even stronger considering that the labor force participation rate ticked up to 61.7%, tied for the highest level since the pandemic hit in March 2020. A separate calculation that includes discouraged workers and those holding jobs part-time for economic reasons fell even further, to 9.2% from 9.8% in June.
"This not only was a strong jobs report by nearly every measure, it also signals more good things to come," said Robert Frick, corporate economist at Navy Federal Credit Union.
Thank you for your competence and for steering America back to greatness, President Biden.
This is because all the loafers sitting on the couch finally got the message that their welfare benefits were about to be cut off. Now that they have been extended, look for the numbers to be revised downward.
The Biden economy is much, much better than the Trump economy.
Thank you President Biden!
Was the "Trump Economy" the one that saw the lowest Unemployment rate in 50 years and the lowest Unemployment rate for African Americans ever the one you're referencing?
Incredible jobs report! Wow. Even trump supporters are happy about it.
Make America Great Again, Joe Biden!!! MAGA JOE!!
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