Strong job gains in the hospitality/leisure and education sectors helped fuel a strong July jobs report where approximately 943,000 jobs were created.
The Nation's unemployment rate went down from 5.9 percent to 5.4.
Other sectors of the economy that saw strong job gains were:
- Manufacturing.
- Construction.
- Warehousing.
- Transportation.
- Health Care.
- Social Assistance.
The only area that saw a decrease in job creation was retail sales.
The United States has recovered about three-quarters of the jobs it lost due to the Coronavirus Pandemic.
Speaking on the July Jobs Report, President Joe Biden commented:
"...I learned that the economy created 943,000 new jobs in July, 943,000. The unemployment rate fell by a half a percent to 5.4%. Now while our economy is far from complete and we will doubtless will have ups and downs along the way as we continue to battle the Delta surge of COVID, what is indisputable now is this, the Biden plan is working, the Biden plan produces results, and the Biden plan is moving the country forward. We’re now the first administration in history to add jobs every single month on our first six months in office. And the only one in history to add more than 4 million jobs during the first six months."
To those who may say the economy and job numbers may have roared back on their own no matter who the President was, just consider the Trump/Pence handling of the Coronavirus compared to the Biden/Harris one.
Most objective analysts probably credit the Biden/Harris Administration with the better response and the better opportunity for sustained economic and job growth as a result.
Mr. Biden himself alluded to this in his comments when he said:
"...Because we put in place the necessary tools early in my presidency, the COVID-19 vaccine plan, the American Rescue Plan to fight the virus and fight the economic mess we inherited. As a result, we’ve been able to make progress on both fronts against grave challenges. And we’ve put in place the tools to prevent this Delta variant wave of COVID-19 from shutting down our small businesses, our schools, and society. You know, when we first got to office, COVID-19 crisis and economic crisis were unrelenting and devastating for people. And as a nation, we didn’t have the tools to deal with either. To beat the pandemic, we ramped up testing and protective equipment, and we actually went out and bought enough vaccine so that every single solitary American could be vaccinated. And because of the help of everyone, from the military to civilian efforts, we carried out one of the most difficult logistical challenges in our nation’s history to get 220 million shots in the people’s arms in the first 100 days in office. 220 million. Over the past seven months, we’ve cut COVID 19 deaths by 90%. As of today, 193 million Americans have gotten at least one vaccination shot, including over 70% of adults over the age of 18. 165 million Americans are now fully vaccinated. Because of our success in the vaccination effort, this new Delta variant wave of COVID-19 will be very different, be able to deal that was underway when took office."
Just consider.
Can you imagine a President Trump or a President Pence or a President DeSantis or a President Noem or a President Haley or (do not laugh) a President Ducey presiding over just as effective a COVID 19 response and economic reopening?
I did not think so.
The President spent the rest of his remarks commenting on the positive features of the American Rescue Plan (like the expanded child tax credit and access to Obamacare,) steps to speed up COVID vaccinations on the unvaccinated, and the progress (knock on wood; do not trust Republicans until the vote is concluded) on the Senate bipartisan infrastructure bill.
The country is moving forward again and the American People do not need fringe Trump Zone zealots mucking up the works.
Bidenomics is working and it will continue to do so as long as Know Nothing Science Denying Reactionaries stay out of the way as more people get the Coronavirus vaccination and the Congress works to pass both the bipartisan infrastructure bill (that Donald Trump could not pass,) the Democratic budget reconciliation plan, and voting rights protections.
Democrats in Congress need to stick together and get it done before leaving for the August recess.
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