economists predicted. fara pacing the average monthly job growth through 2022. the federal unemployment rate went down one tenth of a potential point for 2.4%, the lowest unemployment rate since may of 1969. 53 and a half years ago. president biden touted the strong economic showing yesterday at the white house. here is what we will resigned. the strongest job growth in history, the lowest unemployment rate in 54 years, manufacturing rebounded in a faster rate than the last 40 years, inflation is coming down, but simply, i would say the biden economic plan is working. now the question becomes, is the country doing well enough to stave off the recession that has had been in fear what happened? to put down the good, the bad, and the not-so-ugly of the economy. my friend caleb silver. the editor in chief of investopedia. caleb, thank you for being. let s start with the good. this is august, you and i have known each other for a lot of years, how many times have you
stronger than originally estimated meeting hundreds of thousands more jobs were created in 2022 than we originally thought. the unemployment rate fell to 3. 4%, that s in a historic low. the last time unemployment was this low go all the way to the left of your screen, may of 1969! president biden had this to say following the release of the jobs numbers this morning: we added 12 million 12 million jobs since i took office. that means that we have created more jobs in two years that any president presidential term. here s where we stand. the strongest drop growth in history, lowest unemployment rates in 54 years. manufacturing bounce it at a faster rate than in the last 40 years. inflation coming down. put simply, i would argue the biden economic plan is working. in addition to the unemployment rates being at the
that s a lot of jobs! that s nearly triple the number of drives that economists protected and it far outpaces the average monthly job growth through a solid 2022. on top of that, the borough of labor cities is part of the department of labor, they really stated today that show the job growth for nearly every month in the past year was stronger than originally estimated meeting hundreds of thousands more jobs were created in 2022 than we originally thought. the unemployment rate fell to 3.4%, that s in a historic low. the last time unemployment was this low go all the way to the left of your screen, may of 1969! president biden had this to say following the release of the jobs numbers this morning: we re gonna 12 million, 12 million jobs since i took office. that means that we have created more jobs in two years that any president presidential term. here s where we stand. the strongest drop growth in
two years. that s the strongest two years of jobs growth in history by a long shot. as my dad used to say, a job s about a lot more than a paycheck. it s about your dignity, and 12 million more americans get up every morning knowing they can provide for their families with the dignity and sense of self-worth that had been missing. we also learned that the unemployment rate fell to 3.4%, 3.4%. that s the lowest in 54 years. in fact, the last time the unemployment rate was that low was may of 1969. think about that. and what s more, black and hispanic unemployment are near record lows. this matters. the more working age folks come into the labor market looking for jobs last month than have in a while. all the talk about no one looking, we need more people coming into the market. well, more people are coming into the market looking for jobs and getting jobs. a positive sign for the health of the economy going forward.
jobs is updated, so that means that we have created 12 million jobs since i took office, and that means that we hhave create more jobs than any presidential term than any other term in two years, and this is the strongest two years of job growth in history than a long shot. and my dad used to say a job is more than a paycheck, but dignity and 12 million americans get up knowing that with the dignity and self-worth that has been missing, and we learned that the unemployment rate fell to 3.4%. that is the lowest in 54 years. in fact, the last time the unemployment rate was that low was may of 1969. think about that. and what s more, black and hispanic unemployment unemployment are near record lows. this matters. more working aged folks are coming into be the market with