Statement by President Joe Biden on the October Jobs Report
Nov. 4, 2022 Today’s jobs report – adding 261,000 jobs with the unemployment rate still at a historically low 3.7% -- shows that our jobs recovery remains strong. With jobs now added every single month of my presidency, a record setting 10 million job increase, a record 700,000 manufacturing jobs added which puts us at 137,000 more manufacturing jobs than we had before the pandemic, historically low Black and Hispanic unemployment rates, the gross domestic product increasing, and incomes on the way up, one thing is clear: while comments by Republican leadership sure seem to indicate they are rooting for a recession, the US economy continues to grow and add jobs even as gas prices continue to come down. Inflation is our top economic challenge, and I know that American families are feeling squeezed. The global inflation that is raging in other countries is hitting us as well. I’ve got a plan to bring costs down, especially for health care, energy, and other everyday exp...