QUICK NEWS: Biden Highlights Job Growth and Economic Progress in July Report

In a statement on the July Jobs Report, President Biden highlighted that nearly 16 million jobs have been created since he and Vice President Harris took office.

Unemployment remains at its lowest in 50 years, and incomes are rising faster than prices. The report indicates steady employment growth and a significant drop in inflation, with strong business investment bolstered by the administration's "investing in America" agenda.

Biden acknowledged that while progress has been made, prices are still high. He pledged continued efforts to reduce costs through measures like combating price gouging, capping prescription drug costs, and increasing housing availability. He criticized Congressional Republicans for prioritizing tax cuts for the wealthy and undermining Social Security and Medicare, vowing to fight for the future and support the middle class.