Biden touts jobs report while most Americans live paycheck-to-paycheck

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Biden touts jobs report while most Americans live paycheck-to-paycheck
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Biden turned and walked back to the Oval Office as a journalist shouted: “Why are so many Americans living paycheck to paycheck?” The president did not answer.

“We’ve recovered all of the jobs lost during the pandemic and we’ve added a million more new jobs,” Biden announced in the White House Rose Garden.

“More than 700,000 people joined the labor force last month, which means the highest share of working-age Americans are in the workforce now than at any time in the past 20 years,” added the president, who counted the nearly 550,000 people who began looking for work last month without being able to find a job.

Following the remarks, Biden, 80, turned and walked back to the Oval Office as a journalist shouted: “Why are so many Americans living paycheck to paycheck?”President Biden crowed Friday about monthly employment data showing about 187,000 new jobs were created in August.

Biden insisted Friday that inflation was cooling — reaching an annual rate of 3.2% in July, though US prices remainBiden walked off while ignoring a reporter’s question about data showing most Americans living paycheck-to-paycheck amid high inflation and interest rates.About 61% of Americans currently are living paycheck-to-paycheck, meaning they lack savings for potential emergencies, according to a survey by LendingClub published this week.

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