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531,000 Jobs Added As Economic Recovery Gains Steam in US

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Published on 08/25/22 / In News Channel

531,000 Jobs Added , as Economic Recovery, Gains Steam in US.<br />ABC News reports the United States added 531,000 jobs in October.<br />The October Department of Labor <br />Jobs Report says the unemployment <br />rate now stands at 4.6%.<br />Labor markets most negatively affected by the COVID-19 pandemic appear to be experiencing major gains.<br />Labor markets most negatively affected by the COVID-19 pandemic appear to be experiencing major gains.<br />Experts say this is a sign of an economy on the rebound.<br />Overall, it was a <br />really positive <br />jobs report, Megan Greene, chief economist at Kroll Institute, via ABC News.<br />Upon the release of the jobs report, President Biden addressed the nation from the White House.<br />Upon the release of the jobs report, President Biden addressed the nation from the White House.<br />He said, <br />"America's getting back to work.".<br />Biden attributed the good news to his administration's economic plan and effective rollout of coronavirus vaccines.<br />Biden attributed the good news to his administration's economic plan and effective rollout of coronavirus vaccines.<br />He also noted that the positive report does not undercut the need for more spending.<br />He also noted that the positive report does not undercut the need for more spending.<br />Our economy is on the move... we're on the right track. , President Joe Biden, via ABC News

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