Analysis of Recent Jobs Report by White House Senior Adviser Gene Sperling
White House Senior Adviser Gene Sperling discusses the recent jobs report, highlighting strong and sustainable job growth in 2024, with an average of 245,000 jobs created per month. Unemployment remains under 4% for the 27th consecutive month.
Key Points
- Transitioning to strong but sustainable job growth after rapid growth in 2021
- Stronger job market in 2024 compared to previous years
- Previous administration never averaged over 200,000 jobs per month
Pros
- Steady and sustainable job growth in 2024
- Average of 245,000 jobs created per month this year
- Unemployment remains under 4% for the 27th month in a row
Cons
- People still facing high costs in family and personal lives