Last week, American Bridge 21st Century Co-Chair Secretary Tom Perez joined Yahoo! Finance to discuss the April jobs report and the historic economic gains President Biden made last month.
Among other wins, the April jobs report showed that the economy added 253,000 jobs and the unemployment rate dropped to 3.4%.
Key Quotes:
- “Well, I think [President Biden] is talking directly to the American people about things that really matter to them. And we have the lowest unemployment rate in 50 years. It’s broad-based growth in our economy.”
- “The unemployment rate for blue collar workers has gone down significantly. Opportunities for young people, you’re watching that increase significantly. You look at the number of people, the ranks of the health care uninsured, it’s lower. It’s as low as it’s ever been. And so I think the balance that the president is drawing is to show the progress we have made.”
- “This economy is built to last. The investments in infrastructure, the bills that this president has led the passage of, they’re just beginning to show their impact. So what we have to do now is to demonstrate the progress we’ve made, but also be honest, as the president has, about the unfinished business. We still have to continue that fight to tackle inflation.”
Published: May 8, 2023