“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

    “Our City of Yes initiative is aimed to provide housing opportunity in all boroughs” — Mayor Adams

    New York City Mayor Eric Adams today announced a citywide day of action to educate everyday New Yorkers on the “City of Yes for Housing Opportunity,” a historic zoning proposal…

    Continue reading
    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

    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    Your email address will not be published.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

    Bronx BP Gibson leads Thanksgiving Turkey Giveaway, spreads holiday cheer in community

    Bronx BP Gibson leads Thanksgiving Turkey Giveaway, spreads holiday cheer in community

    NYC Health + Hospitals launches first public exhibit on creative arts therapy at Rikers Island

    NYC Health + Hospitals launches first public exhibit on creative arts therapy at Rikers Island

    Mayor Adams Unveils $1b labor agreements to revolutionize NYC infrastructure, secure local job

    Mayor Adams Unveils $1b labor agreements to revolutionize NYC infrastructure, secure local job

    Mayor Adams applauds Bedford Stuyvesant Restoration Corporation’s impact on Brooklyn’s growth at annual Gala

    Mayor Adams applauds Bedford Stuyvesant Restoration Corporation’s impact on Brooklyn’s growth at annual Gala

    “The Right Person in the Right Place” — Bill Bratton praises NYC new police commissioner

    “The Right Person in the Right Place” — Bill Bratton praises NYC new police commissioner

    NYC moves closer to rikers closure with new Manhattan jail contract despite overcrowding concerns

    NYC moves closer to rikers closure with new Manhattan jail contract despite overcrowding concerns