President Biden Highlights Labor Unions and Economic Recovery in Philadelphia Labor Day Parade

President Joe Biden, known for his strong support of labor unions, is headed to Philadelphia on Monday to join the annual Tri-State Labor Day Parade.

President Biden Highlights Labor Unions and Economic Recovery in Philadelphia Labor Day Parade

The Democratic president plans to talk about how important unions are in the United States and how the economy is bouncing back from the serious coronavirus pandemic.

Labor Day is a holiday that honors workers, and it comes as more jobs are being created in the U.S., with more people actively looking for work. This is the most significant increase since January, which President Biden is eager to emphasize as he looks ahead to the 2024 election.

“We should take a moment this Labor Day to realize that America is currently experiencing one of the best periods for job creation in our history,” Biden stated on Friday from the Rose Garden. He spoke after hearing the news that American employers added 187,000 jobs in August, indicating that the job market is slowing down a bit but still strong, even with the increased interest rates established by the Federal Reserve

The Labor Department’s report on Friday also showed that the unemployment rate went up from 3.5% to 3.8%, the highest it’s been since February 2022. However, this increase was for a positive reason: 736,000 people began actively looking for work last month, the most since January, and not all of them found jobs right away. Only those actively seeking employment are counted as unemployed.

“People are returning to the workforce,” President Biden noted.

Biden has taken executive measures to support worker organizations, publicly endorsed unions in major corporations such as Amazon, and authorized federal funding to assist union members’ retirement plans. Just last week, the Biden administration proposed a new regulation that could make an additional 3.6 million American workers eligible for overtime pay, marking one of the most significant increases in decades.

Biden has also toured various parts of the country, highlighting how union laborers are involved in building bridges and improving train tunnels as part of the $1.1 trillion bipartisan public works plan that Congress approved in 2021.

“Unions enhance workplace standards in a range of industries, elevating wages and bolstering benefits for all,” Biden emphasized on Friday. “I’ve emphasized it numerous times: America wasn’t built by Wall Street. It was built by the middle class, with unions playing a vital role in shaping the middle class.”

The 36th annual Tri-State Labor Day Parade and Family Celebration is organized by the Philadelphia AFL-CIO, representing over 100 local labor unions and more than 150,000 workers, as stated on their website.

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