(CNSNews.com) – President Joe Biden said Friday that the latest jobs’ numbers show that his economic plan is moving the country in “a better direction” despite the fact that gas prices are still “way too high.”
As CNSNews.com reported, according to the Labor Department’s Bureau of Labor Statistics, 372,000 jobs were added to non-farm payrolls in June, well above the consensus estimate of around 268,000 and about even with the 384,000 jobs (revised) added in May.
“Before I speak to the Supreme Court’s extreme decision overturning Roe, I want to comment on one piece of good news, economic good news today. Today the Labor Department reported that we added 372,000 jobs last month, 372,000. Here’s why it’s important. The private sector has now recovered all of the jobs lost during the pandemic and added jobs on top of that,” Biden said.
“We have more Americans working today in the private sector than any day under my predecessor, more today than anytime in American history, today. In the second quarter of this year, we created more jobs than any quarter under any of my predecessors in nearly 40 years before the pandemic,” the president said.
“Think about that. At a time when our critics said the economy was too weak or having already added more jobs in my– we had already added more jobs in my first two years as president than any president in history, we still added more jobs in the past three months than any administration in nearly 40 years,” he said.
“Now look, I know times are tough. Prices are too high. Families are facing a cost of living crunch, but today’s economic news confirms the fact that my economic plan is moving this country in a better direction. The unemployment rate is near a historic low of 3.6 percent,” Biden said.
“Private sector jobs are at a record high. Gas prices, still way too high, have fallen now 25 days in a row, and this week, we saw the second largest single day decrease in gas prices in a decade,” the president said.
“We still have a lot of work to do. I’m not suggesting there’s a lot more work to do, but I am suggesting we’re making significant progress. The program is working,” he said.
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