President Joe Biden expressed his satisfaction with the robust employment gains revealed in September’s jobs report during a speech at the White House. According to the report released by the Bureau of Labor Statistics, the United States added approximately 336,000 jobs in September, surpassing the Dow Jones prediction of 170,000 jobs and exceeding the monthly average of 267,000 over the past year. The unemployment rate remained steady at 3.8% for the month.
While emphasizing the importance of job security beyond financial remuneration, President Biden remarked, “A job is about more than just a paycheck; it’s about dignity, respect, and providing reassurance to our loved ones.” The President underlined that with the latest job additions, a significant number of Americans can now confidently assure their children of a promising future.
Attributing the positive jobs report to his administration’s economic policies, President Biden referred to it as “Bidenomics.” He elaborated that these policies prioritize growth from the middle and bottom of society, rather than favoring those at the top. Notably, the industries experiencing the highest job gains in September were leisure and hospitality, government, and health care, among others. The labor force participation rate, which accounts for individuals employed or seeking work, remained stable at 62.8%.
In conjunction with the optimistic jobs report, the White House announced the commencement of the third Investing in America tour. The purpose of this nation-wide tour is to showcase how Bidenomics is bolstering the economy from the grassroots level. Senior administration officials, including the president and vice president, will undertake numerous stops over the next two weeks, emphasizing the administration’s commitment to inclusive economic growth.
Coinciding with his remarks, President Biden acknowledged National Manufacturing Day, honoring the contributions of American manufacturing workers. Expressing his belief in the revival of the sector, Biden proclaimed, “There is no one that America cannot outcompete.” Furthermore, the President criticized the House GOP’s economic agenda, accusing it of jeopardizing the government’s stability and risking essential programs that assist working Americans and seniors. Urging House Republicans to focus on their responsibilities, Biden called for continued progress in growing the economy and investing in the American people.
FAQ:
Q: How many jobs were added in September 2021, according to the jobs report?
A: The U.S. added approximately 336,000 jobs in September 2021.
Q: What was the unemployment rate in September 2021?
A: The unemployment rate remained stable at 3.8% in September 2021.
Q: Which industries experienced job gains in September 2021?
A: The leisure and hospitality, government, and health care sectors, among others, saw significant job gains in September 2021.
Q: What is Bidenomics?
A: Bidenomics refers to President Biden’s economic policies that prioritize growth from the middle and bottom of society, rather than top-down approaches.
Q: What is the purpose of the Investing in America tour?
A: The Investing in America tour aims to highlight the administration’s commitment to fostering economic growth from the grassroots level in communities across the country.