Acting Labor Secretary Julie Su highlighted the positive trends in the November jobs report during a recent statement. She emphasized that the previous month's data was more indicative of the consistent growth observed throughout the year, contrasting it with the anomalous October report.
While acknowledging the encouraging economic indicators, Su noted that consumer confidence might not immediately reflect these improvements under the Biden administration. She explained that reversing the long-term decline in working people's situations would require more time and effort, stating that it would take beyond a single presidential term for individuals to regain a sense of security.
Regarding President Joe Biden's economic achievements, Su emphasized that the impact of these policies would be felt gradually over time. She expressed optimism about the state of the economy, asserting that the current administration was passing on a robust economic foundation to its successor.
