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Biden thrilled by drop in unemployment insurance claims

Today News Africa by Today News Africa
9 months ago
President Joe Biden delivers remarks on the passing of the bipartisan Infrastructure Investment and Jobs Act Tuesday August 10 2021 in the East Room of the White House Official White House Photo by Adam Schultz

President Joe Biden delivers remarks on the passing of the bipartisan Infrastructure Investment and Jobs Act, Tuesday, August 10, 2021, in the East Room of the White House. (Official White House Photo by Adam Schultz)

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“Today, we learned that the number of Americans filing new claims for unemployment has fallen below 300,000 for the first time since the pandemic began — a drop of more than 60 percent since I took office, and the lowest weekly figure since March 14, 2020.  While this is just one week, the fact that the four-week average declined is yet another sign of progress.  With wages rising and our unemployment rate back below 5 percent for the first time since the pandemic struck, it is clear that our economy is getting back to normal despite the global challenges posed by the Delta variant,” President Biden said in a statement on Thursday.

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