‘Holy moly’: Economists praise Biden’s jobs results as ‘a force for equality’
Published by AlterNet Economists once again are praising another strong monthly jobs report, with one calling April’s results “huuuuuge.” Unemployment, per the U.S. Bureau of Labor Statistics, dropped to tie a more than 50-year low of 3.4%, but it’s the details behind that number that are equally impressive, and some even historic. President Joe Biden, […]
AlterNet
Economists once again are praising another strong monthly jobs report, with one calling April’s results “huuuuuge.” Unemployment, per the U.S. Bureau of Labor Statistics, dropped to tie a more than 50-year low of 3.4%, but it’s the details behind that number that are equally impressive, and some even historic. President Joe Biden, who rarely takes a victory lap, Friday morning tweeted: “We just learned we created 253,000 jobs in April. That’s 12.7 million jobs since I took office, an unemployment rate that is the lowest since 1969, and the highest share of working age people in the workforce s…
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