Chairperson Joe Biden announced historic job growth rates after a report in May showed his administration created 339,000 jobs last month alone and 13 million since taking office.
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White House says manufacturing, leisure and tourism among strongest job markets
Senior economic adviser Daniel Hornung said Shade room that President Biden has created more jobs in the past 28 months than any other president has created during an entire four-year term.
“Manufacturing has seen some of the most sustained growth in terms of employment, which is something many consider unfeasible in the US,” Hornung said. “I think (this report) has proven that the president can create manufacturing jobs in the United States.”
Hornung added that other industries, such as entertainment, tourism and healthcare, were also at the forefront of the president’s job growth. According to Hornug, they have benefited from business gains following the post-COVID-19 recovery efforts.
Meanwhile, annual inflation has fallen for ten consecutive months. According to the Bidan government, wages are also higher than ten months ago. (However, this measure has been “adjusted for inflation.”)
In addition, senior officials report that the participation of women “at the most important age” in the labor market is the highest since 1948.
Our economy created 339,000 jobs in May.
That’s a total of 13 million jobs created under President Biden.
And more jobs in 28 months than any President has created during a four-year term. pic.twitter.com/llNIdv1toQ
– White House (@WhiteHouse) June 2, 2023
Job growth comes despite recession fears
Meanwhile, the unemployment rate has stayed below 4% for 16 consecutive months. Job growth comes despite reported fears of a recession, according to politics.
Hornung says remote work is also supporting job growth. Companies now have the freedom to hire outside of their locality, creating more opportunities in communities where public transport is less available.
White House officials added that telecommuting also brings Americans with disabilities back into the workforce, allowing them to “have more options to work through telework opportunities.”
It’s hard to overstate the current job growth that is best described as “SUPER POWERFUL”.
Job growth at this rate, going so far as recovery, with such low unemployment, is almost unprecedented.
– Justin Wolfers (@JustinWolfers) June 2, 2023