Acting US Labor Secretary Julie Su discusses sustained job growth and importance of immigrant workers under President Biden. She highlights strong job creation, connecting people to available jobs, and addressing workers' concerns for a strong and inclusive economy. The focus is on accurate economic data reporting, wage gains surpassing inflation, and initiatives for economic prosperity.
Labor force participation rate increasing, especially for women under Biden's economic strategy.
Reliability of economic data from Bureau of Labor Statistics emphasized by Acting Labor Secretary Julie Su.
Deep dives
Strong Job Growth and Economic Stability
The podcast episode discusses the strong job growth, stable economy, and sustainable growth under President Biden's economic strategy. The unemployment rate remains low, and there is a significant rise in the labor force participation rate, especially for women. Immigration contributes to the labor market supply, benefiting both immigrant and native-born workers. The Department of Labor focuses on connecting people to suitable jobs to sustain the current economic growth.
Reliability of Economic Data and Wage Gains
The episode highlights the reliability of economic data from the Bureau of Labor Statistics despite concerns about survey response rates. Acting Labor Secretary Julie Sue emphasizes the Biden administration's efforts to build an economy that prioritizes workers' interests and security. While wage gains outpace inflation, the government continues to combat inflation and high prices to ensure workers can sustain their families. The holistic approach to investing in the American people reflects a positive trajectory for economic stability and growth.
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Analysis of the Job Report and Economic Strength Under President Biden's Administration