Christian Datoc, White House correspondent for The Washington Examiner
President Joe Biden hailed the latest jobs report as evidence his economic policies were working amid a faltering stock market and rampant inflation.
The Department of Labor reported that new unemployment claims slightly rose to 218,000 in the previous week, yet continuing claims, which measure the number of people out of the workforce for an extended period of time, dropped to 1.37 million, the lowest point since late 1969.
“America is back to work. The number of Americans who are forced to rely on unemployment insurance programs for their support fell to its lowest level in over 52 years,” the president wrote in a statement Thursday morning. “When I took office, there were nearly 20 million Americans on unemployment insurance to feed their families and keep a roof over their heads. Today, that number is about 1.3 million. That’s millions of families moving from government support to earning a paycheck.”