“We are still trying to get rid of an economic recession costing 22 million jobs,” Biden said in a speech at the White House that shortly after news broke that the US economy created 266,000 jobs in April, Which was less than one million. Expected by analysts.
In turn, the unemployment rate peaked at tenth place in April and peaked at 6.1%.
Biden commented that the figures indicated the importance of extraordinary fiscal stimulus measures initiated by his government, such as direct transfers of millions of citizens in the US from $ 1,400 and strengthening unemployment insurance.
According to the US president, these measures are “starting to work”, but “the trend is now upward and there is still a long way to go”.
April’s unemployment rate broke with the declines seen in recent months, as the US economic recovery consolidated.
Federal Reserve (Fed, US Central Bank) forecasts indicate that the US economy will grow 6.5% this year, the highest annual rate since the 1980s.
The unemployment rate, which rose from 3.5% in February last year to 14.7% in April, has been decreasing every month since the Kovid-19 epidemic made its greatest impact and in the first four months of the year. About 6%.