President Biden said Friday that the economy is continuing to grow despite Labor Department data released earlier in the day showing weaker-than-expected growth in the employment market.
President Biden said Friday that the economy is continuing to grow despite Labor Department data released earlier in the day showing weaker-than-expected growth in the employment market.
“Unemployment near a record low and the share of working-age Americans who have jobs at a 20-year high: that’s Bidenomics,” the president said in a statement.
The report also found that unemployment dipped slightly to 3.5 last month from 3.6 in June and average hourly wages grew 4.4%, slower than last year.
Mr. Biden’s positive rhetoric on the economy followed the release of a relatively modest July jobs report, which showed America’s employers added 187,000 jobs last month. The number fell short of the 200,000 jobs that were expected to be added to the economy.
