this U.S. August Employment Report Disappointed before Labor Day weekend, Stock price drop After announcing that only 235,000 new positions have been added. In his speech on the worst performance of the job market throughout the summer, President Joe Biden assured Americans that “The Biden plan is working” and that the economy is moving in the direction of a strong recovery, and pointed out that the delta variables are causing poor data. s reason.
Biden said: “Although I know that some people want to see more numbers today, and so do I, what we are seeing this year is the continued growth of job creation, month after month.” “There is no doubt that the Delta variable is The reason why today’s employment report is not strong.”
The United States is reporting a Rising COVID-19 cases It has not been seen since January, and only 53% of the population is fully vaccinated. The number of vulnerable Americans is still very high, as those who are not fully vaccinated continue to contribute to the spread of the coronavirus and its highly contagious delta variant.
Biden added, “We need to make more progress in the fight against the Delta variant” and strengthened his continuous efforts to push people to get vaccinated.
“This is an ongoing epidemic of unvaccinated,” he said. “Too many people have not been vaccinated, which has brought a lot of anxiety to our economy and around the table.”
Although the small number of additional jobs may cause general disappointment, Biden pointed out that the unemployment rate has fallen sharply from 6.3% in January to 5.2%.
If Biden’s infrastructure and budget plans are passed in Congress, he said he will “create millions of high-paying jobs” and contribute to the country’s economic recovery.
“This is to provide high-paying jobs for ordinary people,” Biden said. “The salary for blue-collar workers is not 15 dollars an hour, but 20 or 30 dollars, but it applies to carpenters and plumbers, plumbers, electricians, and many others.”
