The September jobs number was a big miss, but President Biden touted rising wages and a lower unemployment rate as signs of 'great progress'
President Joe Biden touted signs of "great progress" in the September jobs report, even as the overall number missed expectations by a wide margin.The jobs report comes as Biden is facing the most challenging stretch of his presidency so far, as he pushes his economic agenda in Congress and grapples with declining approval ratings.
The monthly wage gain of 0.6% pushed the year-over-year rise to 4.6%, as companies use wage increases to combat the persistent labor shortage. The jobs report comes as Biden is facing the most challenging stretch of his presidency so far. He is attempting to push through Congress an ambitious economic agenda, while his approval ratings have fallen sharply on issues ranging from foreign policy to the economy to immigration.found that only 39% of respondents approved of Biden's handling of the economy, while 55% disapproved.
One is inflation, which continues to rise and which, studies show, is eating up most of workers' wage gains.
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