WASHINGTON (NEXSTAR) – The US Department of Labor says new jobless claims have fallen to less than 300,000 – their lowest point during the pandemic.
“Unemployment claims have fallen to another pre-pandemic low,” White House press secretary Jen Psaki said.
Psaki says this is a sign of continued progress.
“Thanks to President Biden’s success in vaccinating Americans and achieving economic relief for the middle class,” Psaki added.
Applications for unemployment assistance have declined since last spring, however, Psaki says an unemployment rate below 5% bodes well for the future.
“We are leading the world in a recovery and we are in a year of unprecedented growth,” Psaki said.
Despite improving numbers, some Republicans say the latest report shows the recovery is not good enough, especially when you factor in rising inflation.
“It’s a tax on all Americans – and it especially hurts those Americans who work hard and carefully balance their family budgets every week,” said Rep. Elise Stefanik, a Republican from New York.
In a statement, former President Donald Trump’s team said, “Biden and the left would rather see America crumble than prosper under President Trump’s agenda.”
The White House says the Biden administration has created more than 5 million jobs in the past 8 months.
“That’s 600,000 new jobs every month. An average of 10 times the rate we inherited, ”Psaki said.
Psaki says the economy is restarting and the country is doing better now.
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