Biden Heralds Unemployment Numbers, Higher Wages to Soften Inflation Rise

Biden Heralds Unemployment Numbers, Higher Wages to Soften Inflation Rise

On the same day that the Department of Labor reported that the United States is experiencing its biggest inflation rate increase in four decades, President Joe Biden praised a decline in jobless claims and an increase in pay for American workers.

It’s encouraging to see lesser numbers of claims and greater wages for American workers, he added in a statement.

President Obama noted that the jobless claims are a measure of how much progress has been achieved in the last year in bringing people back to work.

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