Joe Biden says US economic recovery is “historic”

The president of the United States, Joe biden, he said that the country’s economic recovery after the coronavirus crisis is “historic”.

“The last time the economy grew at this rate was in 1984, and Ronald Reagan was like, ‘It’s daylight in America.’ Well, afternoon is approaching here. The sun is coming up “, said the North American president.

Biden awarded the “Historic progress” in hiring and creating jobs to advance coronavirus vaccination to “deal with the pandemic” and its US bailout. “Back then, people were wondering whether we should do it or not, even though we didn’t have bipartisan support. well it worked“, he claimed.” In a few words, our economy is running“, He added.

“We are preparing to celebrate Independence Day. Today’s employment news has given us something more to celebrate “, he assured about 850,000 jobs created in June in the USA.

The Labor Department report mentioned by Biden points out that the numbers “They are significantly below their April 2020 peaks, but remain well above their pre-coronavirus pandemic levels”, recalling that in February 2020, the unemployment rate was 3.5% and 5.7 million people were out of work.

As expected, there have been “notable” job gains in the leisure and hospitality sectors, who have suffered the most from restrictive measures related to COVID-19. But an effective vaccination campaign has allowed many businesses to reopen quickly.

Other important achievements took place in the public and private education, with the reopening of several schools announced for the next school year at the end of the northern summer.

Economists expected a very strong jobs report, with some predicting as many as a million new jobs.

But the job market continues to face endless difficulties: there is a mismatch between jobs and the profile of the unemployed, many unemployed cannot return to work because they do not know how to take care of their children, or because they are still afraid of catching COVID -19.

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