The Story Behind the Government’s July Jobs Report

Are jobs keeping up with the costs of inflation?

A "now hiring" sign at a Home Depot store in San Rafael, Calif., on Aug. 5, 2022. Justin Sullivan/Getty Images

President Joe Biden celebrated the better-than-expected July jobs report on Aug. 5, calling it “the result of my economic plan to build the economy from the bottom up and middle out.”

Although the White House had initially anticipated a lower figure, the Biden administration and other Democrats in Washington celebrated the numbers.