“Over 250,000 jobs added in September; unemployment dropped to 4.1%” — President Biden

President Biden has announced significant economic progress following the latest employment report.

“Great news for American workers and families: Today, we learned our economy gained over 250,000 new jobs in September,” he stated, highlighting the robust job growth that has characterized recent months.

The report revealed that unemployment has dropped to 4.1%, a promising indicator of the nation’s economic recovery.

Also Read: NYC migrant influx and its multifaceted challenges

Biden added, “With today’s report, we’ve created 16 million jobs, unemployment remains low, and wages are growing faster than prices.”

This statement underscores the administration’s ongoing commitment to fostering a strong labor market and improving the financial well-being of American households.

The addition of over 250,000 jobs in September reflects a continuing trend of recovery as the nation navigates the complexities of post-pandemic economic challenges. As the labor market strengthens, the administration hopes to maintain momentum, ensuring that wage growth outpaces inflation and that more individuals find opportunities in a thriving economy.

Biden’s remarks come at a critical time as policymakers and citizens alike focus on the future economic landscape, aiming to build on these gains and address the needs of workers across various sectors.

With job creation and low unemployment as central goals, the administration is poised to continue its efforts to empower American families and promote sustainable economic growth.

  • Related Posts

    NYC launches $100K cannabis Loan Fund to empower justice-impacted entrepreneurs

    New York City has unveiled the Cannabis NYC Loan Fund, aimed at providing up to $100,000 in loans to Conditional Adult-Use Retail Dispensaries (CAURD) licensees. “The legalization of cannabis has…

    Continue reading
    Mayor Adams applauds CPC approval of ‘City of Yes for Housing Opportunity’

    In a significant move to combat the ongoing housing crisis in New York City, Mayor Eric Adams and Dan Garodnick, Director of the New York City Department of City Planning…

    Continue reading

    One thought on ““Over 250,000 jobs added in September; unemployment dropped to 4.1%” — President Biden

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    CUNY reconnects, assists over 40,000 New Yorkers to return to college

    CUNY reconnects, assists over 40,000 New Yorkers to return to college

    NYPD, New York Blood Center celebrate over 28-year partnership, healthcare support

    NYPD, New York Blood Center celebrate over 28-year partnership, healthcare support

    DNA evidence scrutinized in Heuermann case, defense questions validity as hearing approaches

    DNA evidence scrutinized in Heuermann case, defense questions validity as hearing approaches

    19-year-old Brooklyn boy stabbed outside Summons Court

    19-year-old Brooklyn boy stabbed outside Summons Court

    Sean Combs’ legal Team pushes for public disclosure of accusers in high-profile federal case

    Sean Combs’ legal Team pushes for public disclosure of accusers in high-profile federal case

    “The Atlantic Avenue Mixed-Use Plan a bold, visionary reimaging of neighborhoods” — Mayor Adams

    “The Atlantic Avenue Mixed-Use Plan a bold, visionary reimaging of neighborhoods” — Mayor Adams