Biden Administration Sets Job Creation Record at 15.7 million

US June 2024 Unemployment Rate seasonally adjusted – courtesy of the Bureau of Labor Statistics 5 July 2024

Ken Zino of AutoInformed.com on Biden Administration Sets Record for Job Creation at 15.7 million

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The Bureau of Labor Statistics today reported that the American economy added 206,000 jobs in June. The prime-age labor force participation rate hit a 22-year high, and the unemployment rate remains low at 4.1%. Jobs increased in government, health care, social assistance, and construction. Both the unemployment rate, at 4.1%, and the number of unemployed people, at 6.8 million, changed little in June. These measures are higher than a year earlier, when the jobless rate was 3.6 % and the number of unemployed people was 6.0 million.

“This strong jobs report demonstrates another month of steady, stable economic growth, said The Acting Secretary of Labor Julie Su. “Employment gains were widespread across industries, with notable growth in health care, social assistance, construction and local government. Increased employment in these sectors is not only meaningful for workers and their families, but these jobs will improve the lives of all Americans as cities and towns hire more first responders, firefighters, librarians and other city workers,” said Su.

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