President Joe Biden claimed Friday Republicans are “rooting for recession” before acknowledging that families are being “squeezed” by inflation.
The Bureau of Labor Statistics reported Friday that the unemployment rate rose to 3.7% in October, despite expectations it would hold steady at 3.5%. The number of jobless Americans rose to 6.1 million and labor force participation declined 0.1% from September to October. The U.S. did add 261,000 jobs overall in October, down from 315,000 in September. The number of unemployed persons rose by 306,000, the highest level since February, according to the Federal Reserve Bank of St. Louis.
“Today’s jobs report shows we’ve added 261,000 jobs and maintained a historically low unemployment rate of 3.7% – our economy is strong. And, folks, despite Republican leadership rooting for recession, our economy continues to grow and add jobs as gas prices come down,” Biden tweeted. (RELATED: White House Deletes Tweet Bragging About Bump In Social Security Checks After Fact Checkers Obliterate Narrative)
“But look, I know families are squeezed by global inflation. It’s why I have a plan to lower costs and build an economy from the bottom up and middle out.”
Today’s jobs report shows we’ve added 261,000 jobs and maintained a historically low unemployment rate of 3.7% – our economy is strong.
And, folks, despite Republican leadership rooting for recession, our economy continues to grow and add jobs as gas prices come down.
— President Biden (@POTUS) November 4, 2022
But look, I know families are squeezed by global inflation. It’s why I have a plan to lower costs and build an economy from the bottom up and middle out.
The Republican plan is different. They want to increase health care and energy costs, while giving tax breaks to the wealthy.
— President Biden (@POTUS) November 4, 2022
“The Republican plan is different. They want to increase health care and energy costs, while giving tax breaks to the wealthy.”