President Biden cites investments in Youngstown infrastructure for record low unemployment
President Joe Biden issued a statement on the Valley's unemployment rate hitting its lowest level on record, according to the White House.
The data from the U.S. Bureau of Labor Statistics show the unemployment rate for the Youngstown-Warren-Boardman, OH-PA Metropolitan area, which includes Mahoning and Trumbull, and Mercer County in Pennsylvania.
The data from the U.S. Bureau of Labor Statistics shows that the numbers are the lowest since at least 1990, with April having a 3.8 unemployment rate, May upticked slightly to 4.0, followed by June at 4.3 and a preliminary 4.1 unemployment rate for July.
Since 1990, unemployment hit 18.8 percent in April of 2020 during the pandemic and was at 14 percent in January of 2010 during the recession.
In a press release, Biden said, "Under Bidenomics, America is back to work and leading the world again, and with the Youngstown area at its lowest unemployment rate on record, it is helping drive America's strong economic growth. With my investments to help rebuild Youngstown infrastructure, and private sector investments pouring in across the state, Youngstown can help lead America's economy for the next generation too."