STATEMENT: JOBS REPORT SHOWS STABLE AND STEADY GROWTH, CONTINUING BIDEN BOOM

FOR IMMEDIATE RELEASE 
October 7, 2022

Contact: 
TJ L’Heureux, Press Secretary
[email protected]

STATEMENT: JOBS REPORT SHOWS STABLE AND STEADY GROWTH, CONTINUING BIDEN BOOM

Unemployment Rate Matches its Lowest Level in 50 years at 3.5%

WASHINGTON, D.C. — Employers added 263,000 workers in September, according to the jobs report released today by the Labor Department. The figure is in line with expectations as total jobs under Biden reached over 10 million and the 3.5% unemployment rate matches its lowest level in 50 years.

Invest in America senior adviser Zac Petkanas issued the following statement:

“This jobs report shows that we are in a transition to stable and steady growth. The record number of jobs added since President Biden took office are incredible and unheard of in modern times.

“More people are working than at any point in American history.

“That’s not an accident. That’s in large part thanks to the American Rescue Plan and the Bipartisan Infrastructure Law, we’ve added more than 10 million jobs since President Biden took office. As a direct result of his leadership more families are taking home good paychecks and this jobs report shows that we continue to make progress.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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