President Joe Biden has told a crowd gathered in Philadelphia for a Labor Day parade he’s “celebrating jobs, good-paying jobs, jobs you can raise a family on, union jobs.”
in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
Friday’s report from the Labor Department also showed that the unemployment rate rose from 3.5% to 3.8%, the highest level since February 2022 though still low by historical standards. But the rate rose for an encouraging reason: 736,000 people began looking for work last month, the most since January, and not all of them found jobs right away. Only people who are actively looking for a job are counted as unemployed.
The president frequently talked about the importance of middle-class workers in the economy, saying that when the middle class does well, “everyone does well.” At the Tri-State Labor Day event in Philadelphia, hundreds of union workers donning their local T-shirts — from the Sheet Metal Workers, United Food and Commercial Workers, Stagehands and others — waited on a warm and muggy morning to see the president speak.
Lenny Nutter, a Philadelphia resident wearing a yellow Laborers International Union shirt, said he attended the event to support Biden, adding that unions have been more active than they used to be, due in part to the president’s policies.
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