Administration of Joseph R. Biden, Jr., 2024

May 3, 2024

With today's report of 175,000 new jobs, the great American comeback continues. When I took office, I inherited an economy on the brink, with the worst economic crisis in a century. I had a plan to turn our country around and build our economy from the middle out and the bottom up. Now we are seeing that plan in action, with well over 15 million jobs created since I took office, working-age women employed at a record high rate, wages rising faster than prices, and unemployment below 4 percent for a record 27 months in a row.

There's more work to do. I have a plan to lower the cost of rent and homeownership by building 2 million homes, to cut taxes for middle class families and American workers, and to continue making health care, prescription drugs, inhalers, and insulin more affordable.

Congressional Republicans have a different vision. They are fighting to slash taxes on billionaires and let special interests rip off Americans. I will keep fighting for the middle class and hard- working families I grew up withâfor Scranton, not Park Avenue.

Categories: Statements by the President : Employment situation in April, Bureau of Labor Statistics report.

Subjects: Bureau of Labor Statistics; Economic improvement; Health care costs and affordability; Household income and wages; Housing, affordability and access; Insulin cost controls; Job creation and growth; Prescription drug costs, reduction efforts; Rental assistance; Unemployment rate.

DCPD Number: DCPD202400369.

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