NEW: Latest Jobs Report Exceeds Expectations As President Biden Continues to Grow the Economy from the Bottom Up and Middle Out

Today’s jobs report shows over 272,000 new jobs were created this past month, for a total of 15.6 million jobs created under President Biden’s leadership. While Donald Trump and MAGA Republicans plot to help billionaire CEOs pay even less in taxes on the backs of working families, today’s jobs report shows that President Biden is fighting every day to grow the economy from the bottom up and the middle out and give every American a fair shot. The contrast couldn’t be clearer: President Biden’s economic agenda is delivering for hardworking Americans, while Donald Trump and his Republican minions want to rig the economy against the middle class.

NEW: Today’s jobs report reflects how President Biden’s economic agenda is working for the American people.

Newsmax: “272,000 jobs added in May, that’s above the 190,000 job estimate. It’s better than expected”

ABC News: Reporter: A blockbuster 272,000 jobs were just added to the workforce in May. This is way above expectations”

The Hill: “US adds 272,000 jobs in May, blowing past expectations”

Fox Business: “A very strong 272,000 jobs were just added to the economy in May. This is a big surprise. This was not expected”

Heather Long, Washington Post: “JUST IN: Another big jobs report. The US economy added 272,000 jobs in May, blowing past expectations of ~190k. People keep getting jobs, esp. in healthcare., gov’t and hospitality.

**Unemployment rate: 4% —> This is the first time at 4% or above since Jan. 2022*

Wage gains: 4.1% over past year (vs. 3.4% inflation)”

REMINDER: President Biden is investing in industries of the future, leading a manufacturing boom that’s creating good-paying sustainable jobs across the country.

BlueGreen Alliance: “‘President Biden is the most pro-worker, pro-climate action president we’ve ever had,’ said BlueGreen Alliance Executive Director Jason Walsh. ‘His leadership is delivering for workers and the environment, and he is ready to continue the fight for a clean, prosperous, and equitable future for all in a second term. Meanwhile his opponent, former President Donald Trump, continues to promise to make our country a dictatorship and eliminate the investments in growing manufacturing and jobs in communities across the country. Trump failed at every level during his four years as president, and we cannot allow him to return to the highest office in the land.’”

Bloomberg: “US Steel CEO Hails IRA as a ‘Manufacturing Renaissance Act’”

Wall Street Journal: “Shift to EVs Triggers Biggest Auto-Factory Building Boom in Decades”

Yahoo News: “Under President Biden, however, a manufacturing boom finally seems to be getting started. Since the beginning of 2022, construction spending on new factories has more than doubled, from an annualized rate of $91 billion in January 2022 to $189 billion in April 2023, the latest data available. That’s the biggest jump, by far, in data going back to 2002.”

The Hill: “A surge in manufacturing construction across the country is grabbing the attention of economists and workers on the ground as legislative efforts to reinvigorate the U.S. industrial base are bearing fruit.”

Trump’s failed economic agenda hurt working families and incentivized companies to ship jobs overseas, leaving American workers behind.

CNN: “Trump told GM workers he could save their plant, but it’s gone for good”

Washington Post: “Trump promised this Wisconsin town a manufacturing boom. It never arrived.”

Wall Street Journal: “President Trump’s trade war against China didn’t achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports.”

New York Times: “After Years of Growth, Automakers Are Cutting U.S. Jobs”

Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”

REMINDER: While President Biden works to lower costs for hardworking families, Donald Trump’s MAGAnomics agenda disproportionately benefits ultra-wealthy corporations – which he has promised to double down on in a second term. 

Washington Post: “Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law … Further cutting corporate taxes … would primarily benefit large firms.”

Bloomberg: “[Trump] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017.”

Vanity Fair: “Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report”

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

Economic Policy Institute: “The TCJA overwhelmingly benefited the rich and corporations while overlooking working families”

Trump’s MAGAnomics tax scam gave handouts to the ultra-rich and big corporations while leaving working families behind. 

The Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

Bloomberg: “Another signature Trump policy, the trade war with China, actually hurt some of the manufacturers and farmers it was supposed to help. The Tax Foundation estimates if tariffs remain, 179,800 full-time equivalent jobs could be lost.”