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Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who served as the 47th vice president of the United States from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. A member of the Democratic Party, Biden is the presumptive Democratic nominee for president in the 2020 election. He unsuccessfully sought the Democratic presidential nomination in 1988 and in 2008.
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U.S. Economy Added 528,000 Jobs In July; Unemployment Falls To 3.5%

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deadline.com

The U.S. economy added 528,000 jobs in July, an unexpectedly robust figure that nevertheless has triggered concerns over ongoing inflation.The unemployment rate dropped to 3.5%.The job growth was “widespread,” according to the Bureau of Labor Statistics, with gains in leisure and hospitality, professional and business services and healthcare.President Joe Biden touted the job gains, noting that the unemployment rate “matches the lowest it’s been in more than 50 years: 3.5%.

More people are working than at any point in American history.”But the employment gains come as the Federal Reserve is trying to cool off the economy and curb inflation.Jason Furman, professor at Harvard who was President Barack Obama’s chairman of the Council of Economic Advisers, wrote on Twitter that the report was “uncomfortably hot.” He noted that average hourly earnings were up 5.8% in July, and the June figure was revised upward to 5.4%.“Recession is now less of a worry.

Inflation is more of a worry,” he wrote.Mark Zandi, chief economist as Moody’s Analytics, wrote, “There hasn’t been much of any slowing in the job market.

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