The U.S. economy has added, on average, half a million jobs per month since Joe Biden took office—a pace of job growth that is unprecedented for the first half-term of a Presidency.
With the September jobs report in hand, there’s only one more employment update left before the midterms. The October report will be released on Friday, November 4th—just four days before the polls open. Yes, there is a possibility of a last-minute surprise, but, based on what we know today, the Democrats andcan go to the voters and make a very strong case: since his January, 2021, Inauguration, the American economy has created ten million jobs.
Even though there are still deeply rooted racial and educational fissures in the labor market, the jobs gains over the past twenty months have been widely spread. When Donald Trump left office, the unemployment rate among Hispanics was 8.6 per cent: last month, it hit an all-time low of 3.8 per cent. During the same period, the Black jobless rate has fallen from 9.2 per cent to 5.8 per cent.
This success surely has something to do with the fact that, shortly after Biden took office, Democrats passed the American Rescue Plan Act, a 1.9-trillion-dollar stimulus package. The Rescue Act is controversial, of course. Republicans have tied it to the upsurge induring the past year and a half.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Federal judge weighs effort to halt student loan forgivenessA federal judge in St. Louis is weighing the fate of the Biden administration’s plan to forgive student loan debt for tens of millions of Americans following a court hearing on Wednesday
Consulte Mais informação »
Biden, still undecided on 2024, says he can beat Trump againThe latest ABC News/Washington Post survey found just 35% of Democrats and Democratic-leaning independents favor Biden to be their candidate in 2024. More than half of these voters, 56%, want the party to pick someone else.
Consulte Mais informação »
Biden heading West on 3-state tour as midterm elections nearPresident Joe Biden is making his way out West this week as he plans to make stops in Colorado, California, and Oregon.
Consulte Mais informação »
Why Social Security checks are about to get a lot biggerTens of millions of older Americans are about to get what may be the biggest raise of their lifetimes.
Consulte Mais informação »
How Social Security works and what to know about its futureTens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA) is added to Social Security payments.
Consulte Mais informação »