{"id":1035075,"date":"2024-06-07T22:01:09","date_gmt":"2024-06-07T22:01:09","guid":{"rendered":"https:\/\/democrats.org\/?p=1035075"},"modified":"2024-06-07T22:01:10","modified_gmt":"2024-06-07T22:01:10","slug":"new-latest-jobs-report-exceeds-expectations-as-president-biden-continues-to-grow-the-economy-from-the-bottom-up-and-middle-out","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-latest-jobs-report-exceeds-expectations-as-president-biden-continues-to-grow-the-economy-from-the-bottom-up-and-middle-out\/","title":{"rendered":"NEW: Latest Jobs Report Exceeds Expectations As President Biden Continues to Grow the Economy from the Bottom Up and Middle Out"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Today\u2019s jobs report<\/a> shows over 272,000 new jobs were created this past month, for a total of 15.6 million jobs created under President Biden\u2019s leadership. While Donald Trump and MAGA Republicans plot to help billionaire CEOs pay even less in taxes on the backs of working families, today\u2019s jobs report shows that President Biden is fighting every day to grow the economy from the bottom up and the middle out and give every American a fair shot. The contrast couldn\u2019t be clearer: President Biden\u2019s economic agenda is delivering for hardworking Americans, while Donald Trump and his Republican minions want to rig the economy against<\/em> the middle class.<\/p>\n\n\n\n

NEW: Today\u2019s jobs report reflects how President Biden\u2019s economic agenda is working for the American people.<\/strong><\/p>\n\n\n\n

Newsmax<\/a>: \u201c272,000 jobs added in May, that’s above the 190,000 job estimate. It’s better than expected\u201d<\/strong><\/p>\n\n\n\n

ABC News<\/a>: \u201c<\/strong>Reporter: A blockbuster 272,000 jobs were just added to the workforce in May. This is way above expectations\u201d<\/strong><\/p>\n\n\n\n

The Hill<\/a>: \u201cUS adds 272,000 jobs in May, blowing past expectations\u201d<\/strong><\/p>\n\n\n\n

Fox Business<\/a>: \u201cA very strong 272,000 jobs were just added to the economy in May. This is a big surprise. This was not expected\u201d<\/strong><\/p>\n\n\n\n

Heather Long, Washington Post<\/a>: \u201cJUST IN: Another big jobs report. The US economy added 272,000 jobs in May, blowing past expectations of ~190k. People keep getting jobs, esp. in healthcare., gov\u2019t and hospitality.<\/p>\n\n\n\n

**Unemployment rate: 4% \u2014> This is the first time at 4% or above since Jan. 2022*<\/p>\n\n\n\n

Wage gains: 4.1% over past year (vs. 3.4% inflation)\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

REMINDER: President Biden is investing in industries of the future, leading a manufacturing boom that\u2019s creating good-paying sustainable jobs across the country.<\/strong><\/p>\n\n\n\n

BlueGreen Alliance<\/a>: \u201c\u2018President Biden is the most pro-worker, pro-climate action president we\u2019ve ever had,\u2019 said BlueGreen Alliance Executive Director Jason Walsh. \u2018His leadership is delivering for workers and the environment, and he is ready to continue the fight for a clean, prosperous, and equitable future for all in a second term. Meanwhile his opponent, former President Donald Trump, continues to promise to make our country a dictatorship and eliminate the investments in growing manufacturing and jobs in communities across the country. Trump failed at every level during his four years as president, and we cannot allow him to return to the highest office in the land.\u2019\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cUS Steel CEO Hails IRA as a \u2018Manufacturing Renaissance Act\u2019\u201d<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cShift to EVs Triggers Biggest Auto-Factory Building Boom in Decades\u201d<\/strong><\/p>\n\n\n\n

Yahoo News<\/a>: \u201cUnder President Biden, however, a manufacturing boom finally seems to be getting started. <\/strong>Since the beginning of 2022, construction spending on new factories has more than doubled, from an annualized rate of $91 billion in January 2022 to $189 billion in April 2023, the latest data available. That\u2019s the biggest jump, by far, in data going back to 2002.\u201d<\/p>\n\n\n\n

The Hill<\/a>: \u201cA surge in manufacturing construction across the country is grabbing the attention of economists and workers on the ground as legislative efforts to reinvigorate the U.S. industrial base are bearing fruit.\u201d<\/strong><\/p>\n\n\n\n

Trump\u2019s failed economic agenda hurt working families and incentivized companies to ship jobs overseas, leaving American workers behind.<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cTrump told GM workers he could save their plant, but it\u2019s gone for good\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised this Wisconsin town a manufacturing boom. It never arrived.\u201d<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cPresident Trump\u2019s trade war against China didn\u2019t achieve the central objective of reversing a U.S. decline in manufacturing,<\/strong> economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports.\u201d<\/p>\n\n\n\n

New York Times<\/a>: \u201cAfter Years of Growth, Automakers Are Cutting U.S. Jobs\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cThe Offshoring of U.S. Jobs Increased on Trump\u2019s Watch\u201d<\/strong>
<\/strong><\/p>\n\n\n\n

REMINDER: While President Biden works to lower costs for hardworking families, Donald Trump\u2019s MAGAnomics agenda disproportionately benefits ultra-wealthy corporations \u2013 which he has promised to double down on in a second term. <\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law \u2026 Further cutting corporate taxes \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201c[Trump] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017.\u201d<\/strong><\/p>\n\n\n\n

Vanity Fair<\/a>: \u201cDonald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report\u201d<\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

Economic Policy Institute<\/a>: \u201cThe TCJA overwhelmingly benefited the rich and corporations while overlooking working families\u201d<\/p>\n\n\n\n

Trump\u2019s MAGAnomics tax scam gave handouts to the ultra-rich and big corporations while leaving working families behind. <\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cAnother signature Trump policy, the trade war with China, actually hurt some of the manufacturers and farmers it was supposed to help.<\/strong> The Tax Foundation estimates if tariffs remain, 179,800 full-time equivalent jobs could be lost.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s jobs report shows over 272,000 new jobs were created this past month, for a total of 15.6 million jobs created under President Biden\u2019s leadership. While Donald Trump and MAGA Republicans plot to help billionaire CEOs pay even less in taxes on the backs of working families, today\u2019s jobs report shows that President Biden is […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1035075","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNEW: Latest Jobs Report Exceeds Expectations As President Biden Continues to Grow the Economy from the Bottom Up and Middle Out - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/new-latest-jobs-report-exceeds-expectations-as-president-biden-continues-to-grow-the-economy-from-the-bottom-up-and-middle-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-07T22:01:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-07T22:01:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-latest-jobs-report-exceeds-expectations-as-president-biden-continues-to-grow-the-economy-from-the-bottom-up-and-middle-out\/\",\"url\":\"https:\/\/democrats.org\/news\/new-latest-jobs-report-exceeds-expectations-as-president-biden-continues-to-grow-the-economy-from-the-bottom-up-and-middle-out\/\",\"name\":\"NEW: Latest Jobs Report Exceeds Expectations As President Biden Continues to Grow the Economy from the Bottom Up and Middle Out - 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