We just added 428,000 jobs in April. Unfortunately, the February and March totals were adjusted down a bit, but that still left them at very high levels.
To put the Biden jobs-creation-machine in perspective, we've now added 8.297 million jobs since he took office. Going back to WWII, the best before Biden had been 6.007 million, so it blows away the pre-Biden record by a gigantic margin.
In percentage terms, this job creation doesn't come close to what happened during WWII. But, it's the best, in those terms, in almost four decades -- all the more impressive considering it was an era with a net increase in interest rates, and falling deficits (whereas similarly strong job creation in the mid-80s were driven by monetary stimulus from massive interest rate cuts and fiscal stimulus from huge increases in federal budget deficits).
To put the Biden jobs-creation-machine in perspective, we've now added 8.297 million jobs since he took office. Going back to WWII, the best before Biden had been 6.007 million, so it blows away the pre-Biden record by a gigantic margin.
In percentage terms, this job creation doesn't come close to what happened during WWII. But, it's the best, in those terms, in almost four decades -- all the more impressive considering it was an era with a net increase in interest rates, and falling deficits (whereas similarly strong job creation in the mid-80s were driven by monetary stimulus from massive interest rate cuts and fiscal stimulus from huge increases in federal budget deficits).
