Connect with us

Hi, what are you looking for?


Jobs Added From Bidenomics Reached 209,000

Jobs Added From Bidenomics Reached 209,000 (Photo: NPR)

Bidenomics’ “winning streak” continues as it added 209,000 jobs

President Biden as he reports “Bidenomics in action”. (Photo: Reuters)

“Bidenomics” Generates Over 209,000 Jobs

As reported by the Labor Department, the “Bidenomics” by President Biden continues its “winning streak” last month as it added over 209,000 jobs for Americans nationwide. Bidenomics were able to generate jobs in construction, child care, health care, social assistance (like elderly care or social work), and government positions for qualified people. Due to Bidenomics, the unemployment rate dropped to 3.6% from 3.7%

The number of jobs generated from Bidenomics was somewhat short based on experts from Dow Jones. According to their recent survey, Bidenomics was expected to generate over 240,000 jobs.

READ ALSO: IRS Tax Refunds Scam: Warning On Fake IRS Letter Promise Unclaimed Tax Refunds

Bidenomics And The Federal Reserve

Despite the 31,000 difference, the 209,000 jobs generated from Bidenomics are still considered a victory. This is because too many job hirings or too many jobs created would compel the Federal Reserve to increase interest rates. Regardless, the stock market still fell in light of the great news.

Following the Federal Reserve’s meeting earlier this week, the Federal Reserve still intends to raise the interest rates. What the 209,000 jobs generated from Bidenomics meant was Biden’s economy is pushing even further to create jobs nationwide than what the Federal Reserve expected. Still, the number of jobs created by Bidenomics is good news all around.

READ ALSO: Biden Administration Pushes All-Electric Vehicles Proposal, Advocates Weigh In On The Issue

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


A convicted felon in California was arrested after he tortured and hostage two women and staged it as burglary. Convicted Felon Tortured and Kidnapped...


The application for the program, Rise Up Cambridge, in Massachusetts will begin on June 1 and will end on July 31 and qualified residents...


Police authorities arrested a man in Oklahoma after he was accused of raping and killing his 18-year-old graduate who was about to graduate from...

Us News

News from Springfield, Illinois is that a bill that would require public restrooms in Illinois to be available to both genders is coming under...