Stacy M. Brown, senior national correspondent for NNPA Newswire
America – and especially Black America – has returned to work, said President Joe Biden, announcing one of the most reliable reports on work today.
“History is made here,” the president said.
In January, 467,000 jobs were created in the economy, and the unemployment rate among black workers fell to 6.9 percent and fell to 5.8 percent for African-American women.
The president noted that 6.6 million jobs had been created in the US economy in the year since he took office.
“This is accompanied by the biggest drop in unemployment in one year, the largest reduction in child poverty ever recorded in one year, and the strongest economic growth in this country in almost 40 years,” said President Biden.
He also acknowledged the struggle many American families are still facing, noting that prices have risen sharply during the pandemic.
“The average person gets lost because of the cost of everything,” President Biden said. “Gas prices at the pump are rising. We are working to bring them down, but they have risen. Food prices have risen. We are also working to destroy them. “
Representatives of the White House said they plan to pursue a policy to slow inflation.
Before the President’s speech, the US House of Representatives voted 222-210 to pass the COMPETES Act, a bill that will help America keep up with China in the semiconductor chip industry.
The legislation aims to address economic issues such as supply chain disruptions and the global shortage of semiconductor chips needed to make smartphones, medical equipment and cars.
The bill provides for several changes to U.S. trade rules to level the playing field for domestic businesses and combat China’s trade practices that distort the market.
“Democrats are ready to build on this extraordinary economic momentum: to continue working to reduce family costs, strengthen our supply chains and produce more goods in America,” said House Speaker Nancy Pelosi (California).
“Under President Biden and Democrats in the House of Representatives, our nation will continue to build better to create better-paying jobs and reduce costs for families across America,” Pelosi said.