Photo: jannonivergall / Pixabay
The president of the United States, Joe Biden, offered a report on July employment and surprised by announcing the strength of the labor market.
According to the US president, the unemployment rate matches a 50-year low of 3.5%, which has helped more people to be employed than at any other time in the country’s history.
“There are millions of families with the dignity and peace of mind that a paycheck provides. And it is the same result of my economic plan to build the economy from the bottom up and towards the center”, the president pointed out.
According to data from the Department of Labor, 528,000 thousand non-agricultural jobs were created in Julymore than double what was expected, this being the strongest job creation since February.
This figure makes it clear that the world’s strongest economy has fully recovered 22 million jobs that were lost in the first months of the pandemic derived from Covid-19.
Analysts indicate that the labor market remains robust and the job offers available far exceed the number of unemployed.
News that puts the president in a good mood and that he did not hesitate to share with the citizens whom he informed that he continues to work as he proposed when he ran for president of the nation.
“I ran for president to rebuild the middle class. There is more work to be done, but today’s jobs report shows that we are making significant progress for working families.”