On NewsNation’s “The Hill” on Friday, White House senior adviser Gene Sperling discussed recent employment statistics and said, “The situation is changing because people continue to face too high costs in their families and personal lives. It’s not enough.” But when it comes to the job market, certainly this is stable and sustainable job growth, which is better than a soft landing. It’s a very stable and strong landing. ”
“We’ve been saying for some time that we need to move on to strong but sustainable job growth after the jump in jobs in 2021,” Sperling said. We are now creating an average of 245,000 jobs per month, which means that in 2024, the job market is still stronger than many expected. This month, the unemployment rate has remained below 4% for 27 consecutive months. This is not enough, because people still face too high costs in their families and personal lives. But when it comes to the job market, this is certainly not enough for stable and sustainable employment. It’s a growth, and it’s better than a soft landing. It’s a very stable and strong landing.”
“This is exactly the transition to strength and sustainability that you want, and while inflation may fall, there will be no recession that hurts millions of Americans,” he added. No,” he added.
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