We have now recovered all jobs lost during the pandemic - no thanks to the former dude who lost 2.9 million jobs.
Thank you, Mr. President Biden!! America is indeed coming back, and coming back STRONG!!!
Massive jobs surprise: US economy added 528,000 jobs in July
The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a gain of 528,000 jobs, according to data released Friday by the Bureau of Labor Statistics.
The massive monthly gain was more than double the 250,000 that economists were expecting, according to Refinitiv.
The unemployment rate ticked down to 3.5% after holding at 3.6% for the past four months. The July jobless rate matched the half-century low last seen in February 2020.
Friday’s employment snapshot marks the 19th consecutive month of job growth and is the highest monthly gain since the economy added 714,000 jobs in February. July’s job totals outpace the average monthly gain of 388,000 jobs of the past four months, BLS data shows.
President Joe Biden on Friday hailed the July report and took a victory lap by crediting his economic policies for the gains.
“It’s the result of my economic plan to build the economy from the bottom up and middle out,” he said in a statement. “I ran for president to rebuild the middle class – there’s more work to do, but today’s jobs report shows we are making significant progress for working families.”
If these were the good ol' days...whew!!! Some people need to check their insanity...
Trump's job losses are the worst of any American president on record
New York (CNN Business) - (former) President Donald Trump is heading into the general election with the worst jobs numbers of any president, based on records that go back to World War II.
That's not going to change in the two months between now and Election Day, no matter how the economy does.
The US economy is down 4.7 million jobs since January 2017 when Trump took office, according to the Labor Department.
The August jobs report released Friday showed employers added back about 1.4 million jobs, bringing the unemployment rate to 8.4%. That is still well short of what would be needed to give Trump a positive jobs record by November 3.
The only other President in the last 80 years to own an overall loss in jobs between his inauguration and the following Election Day was George W. Bush in 2004. That was because of the so-called "jobless recovery" after the recession sparked by the dot-com bust. But the loss of 605,000 jobs through September of 2004 was a fraction of the job losses that happened under the Trump administration.