WASHINGTON D.C. (WBAP/KLIF News) – President Biden addressed Americans Friday after a disappointing August jobs report following two strong months of growth.
According to the Bureau of Labor and Statistics, U.S. employers added 235,000 jobs last month.
It’s a steep slow down from the roughly 940,000 jobs employers added in the last two months as employers deal with a significant COVID-19 surge due to the highly contagious Delta variant.
The unemployment rate fell in August to 5.2% from 5.4% in July.
President Biden said the measures his administration has taken so far has brought the country out of an economic freefall due to COVID-19 but more work has to be done.
“We are adding jobs not losing them. The fight against COVID today is far different from the fight we were waging last winter. The second thing that has to happen in September is for the Congress, the House and Senate, to finish the job of passing my economic agenda so we can keep up this historic momentum we’ve been building these last seven months,” he said.
Happening Now: President Biden delivers remarks on the August jobs report. https://t.co/1wXIGiPqx6
— The White House (@WhiteHouse) September 3, 2021
Meanwhile, North Texas company is helping out with job creation.
DFW-based Fidelity Investments said its adding 9,000 new jobs nationwide including customer service and IT.
Click here to view the full August jobs report.
Copyright 2021. WBAP/KLIF News. All Rights Reserved.
