Schneider Statement on October Jobs Report

November 5, 2021
Press Release
Economy added historic 531,000 jobs in October

WASHINGTON – Today, Congressman Brad Schneider (IL-10) released the following statement following the October jobs report:

 

“The Biden Administration and Congress have delivered one of the strongest economies of the last forty years and today’s news is further proof of that. The October jobs report, out today, shows that the historic investments we have made to help our nation recover from the pandemic are working. With the help of critical legislation like the American Rescue Plan, the economy added 531,000 jobs last month and figures for September and August were also adjusted significantly upward. Unemployment claims have hit a pandemic-era low: down from 6.3% in January to 4.6%. Wages are up nearly 5% from a year ago. The strong job growth is also reflected in the strong stock market with the Dow above 36,000 for the first time. I will continue working with my colleagues and the Administration to pass the bipartisan infrastructure bill and President Biden’s Build Back Better agenda, which will fight climate change, invest in our infrastructure, care for our families, and cut taxes for hard-working Americans.”

 

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