President JoeBiden praised news that the number of new applications for unemployment benefits reached its lowest point since 1968, noting that claims are down 95% since he took office.
The number of new applications for unemployment benefits dropped by 11,000 last week to 200,000, keeping with the trend of low weekly jobless claims in recent months."Today we received more data that, despite the global challenges we face, America is on the move," Biden said in a prepared statement."Unemployment benefits have reached historic lows. Since I took office, the number of Americans relying on unemployment benefits is now down 95%, and our economy has added 8.
Biden described the news as part of a wider transition from recovery to steady economic growth, pointing to manufacturing jobs growth in particular as trending upward. The president has promoted manufacturing jobs throughout his first term, in part to stay in the good graces of Midwestern voters.
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