ICYMI: Job Creation Rises Significantly in October

Press Release

In Case You Missed It - Job creation has risen significantly in the month of October, according to CNBC, thanks to the American Rescue Plan that Representative Adriano Espaillat (NY-13) helped pass into law.

The economy added 531,000 jobs in October and more than 5.6 million jobs have been added since President Biden took office. Unemployment continues to fall, hitting a new record pandemic low of 4.6%. In fact, unemployment has decreased this year more than any other year in US history. Wages also continue to rise. The economy added 235,000 more jobs in August and September than we first thought.

This news comes as Rep. Espaillat helped pass the Infrastructure Investment and Jobs Act into law last week, which is expected to create millions more jobs in the coming months and years.

Democrats' Economic Plan is Working

CNBC:
Job creation roars back in October as payrolls rise by 531,000

CNN:
Big rebound in jobs: America adds 531,000 jobs to the economy in October

Yahoo Finance:
October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%

Wall Street Journal:
October Job Report: Strong Rebound as U.S Economy Adds 531,000 Jobs

Source