Biden: Prices are too high and families are facing a cost-of-living crisis

US President Joe Biden said “prices are very high…and families are facing a cost-of-living crisis,” noting that despite the above, “his administration’s efforts are paying off.”

Speaking at the White House, Biden said: “Prices are very high…families are facing a cost-of-living crisis,” adding, “But today’s economic news confirms the fact that my economic plan is moving this country in a better direction. .”

He added that news that the job market remains exceptionally strong shows that his administration’s efforts are paying off.

On Friday, the US Department of Labor said that 372,000 jobs were created in June, given that it beat expectations that had generally been about 200,000 to 300,000 new jobs.

Biden said “the unemployment rate is approaching its lowest historical level of 3.6 percent … private sector jobs are at an all-time high.”

The president noted that gasoline prices “are still very high” but continue to fall from their June peak, with the national average per gallon of gasoline falling to $4.72 on Friday.

“This week we witnessed the second-largest one-day drop in gasoline prices in a decade,” Biden added. “We still have a lot of work to do… [لكننا] We are making great progress.”

Source: Washington Post.

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