Growth stunted by delta variant and vaccine mandates.
Economists projected that in September the U.S. employment rate would grow by 500,000 jobs. However, due to the Delta COVID-19 variant and a reluctant workforce, only 194,000 jobs were added last month. The month before that saw just 300,000 jobs added to the employment rate. Though the numbers were less than projected, President Biden still sought to paint a cautiously optimistic picture in his response to the data on Friday.
“Today’s report has the unemployment rate down to 4.8 percent,“ the president said. “When you take a step back and look at what’s happening, we’re actually making real progress. Maybe it doesn’t seem fast enough. I’d like to see it faster, and we’re going to make it faster.”
As the Lord Leads, Pray with Us…
- That the Labor Department would be effective in supporting job creation.
- For the president’s employment and economic advisors to have wisdom in their recommendations.
- For President Biden as he seeks to encourage the country while addressing issues.
Sources: The Hill, The White House
