Biden Calls Jobs Report ‘Great News’ for U.S. Economy

The transcript discusses the significant economic recovery in the U.S., highlighting the creation of 559,000 new jobs in May and a drop in the unemployment rate to 5.8%. It emphasizes the role of increased vaccinations in facilitating this progress and notes the historic nature of the recovery. The text also outlines the challenges faced at the start of the presidency, such as high unemployment claims and hunger, and the improvements made since then. Economic growth projections have been revised upwards, with the U.S. leading major economies in recovery speed. The success is attributed to public cooperation and strategic policies like the American Rescue Plan.

What was the unemployment rate in the U.S. after the creation of 559,000 new jobs in May?

• 7.2%

• 5.8%

• 6.5%

• 4.9%

How did increased COVID-19 vaccinations impact the U.S. economy?

• It made it easier for people to return to work safely.

• It had no significant impact on the economy.

• It led to a decrease in job opportunities.

• It caused a rise in unemployment rates.

What was the projected U.S. economic growth rate for 2021 according to the OECD?

• 4.5%

• 5.2%

• 6.9%

• 7.5%

Which major economy is the only one with stronger growth projections post-pandemic?

• China

• United States

• Germany

• Japan

What role did the American Rescue Plan play in the economic recovery?

• It had no impact on the economy.

• It was a minor factor in the recovery.

• It was a significant part of the recovery strategy.

• It delayed the economic recovery.