Job Growth Continues, While Slowing, As Hoped For By The Federal Reserve

The April jobs report is out, and it is what the Fed was hoping for. Job growth continues under President Joe Biden, but has slowed a bit more than expected. The economy added 175,000 jobs in April, keeping that number well over 15 million jobs added under the Biden Administration. The unemployment rate rose to 3.9%, making it 27 straight months of unemployment under 4%, the longest stretch of sub-4% unemployment in over 50 years. With unemployment low and wages rising faster than inflation, the benefits of the Biden economy are being felt across America. This was precisely the news the Fed is looking for to help keep inflation down as it looks for opportunities to cut rates.

Scroll to Top