Ranking Member Scott Statement on June Jobs Report
WASHINGTON – Ranking Member Robert C. “Bobby” Scott (VA-03), House Committee on Education and Workforce, released the following statement after the Bureau of Labor Statistics announced that the economy gained 57,000 jobs in June, and the unemployment rate ticked down to 4.2 percent. At this point in his term, the economy under President Biden had created 9.5 million jobs, compared to just 716,000 under President Trump's second term.
“In the year since President Trump and Congressional Republicans passed their ‘Big Ugly Bill,’ Americans’ lives have gotten more difficult and more expensive. Seventeen months into President Trump’s second term, the economy has only created 7.5 percent of the jobs that President Biden created at the same point in his term. As a direct result of Republicans’ health care cuts, over eight million Americans have lost health care coverage in the past year, and over four million
“These bad economic policies continue to put the American dream further out of reach for working people. Inflation has begun to outpace wage growth, and American workers’ share of national income has shrunk to its lowest level in at least seventy years. These factors contribute to a ‘K-shaped economy,’ where the rich get richer while working people continue to struggle.
“On the 250th anniversary of the birth of our nation and as we reflect on the ambitions of our country’s founders, we cannot take for granted the power of self-determination. Democrats are committed to making the government work for everyone, not just the wealthy and Trump-connected few. Congress must expand economic opportunity for all Americans by lowering the cost of living, delivering quality health care, and creating well-paying jobs that stand the test of time.”
To see a chart comparing the cumulative seasonally adjusted job change by month between President Trump's first and second terms, and President Biden's presidency, click here.
To see a chart comparing the total job change between President Trump's first 17 months in office and President Biden's first 17 months in office, click here.
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