{"id":1967111,"date":"2023-07-07T18:56:07","date_gmt":"2023-07-07T22:56:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/julie-su-acknowledges-pain-but-refuses-to-make-predictions-about-recession-after-jobs-report\/"},"modified":"2023-07-07T18:57:15","modified_gmt":"2023-07-07T22:57:15","slug":"julie-su-acknowledges-pain-but-refuses-to-make-predictions-about-recession-after-jobs-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/julie-su-acknowledges-pain-but-refuses-to-make-predictions-about-recession-after-jobs-report\/","title":{"rendered":"Julie Su acknowledges economic &#8216;pain&#8217; but avoids recession predictions after jobs report."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjulie-su-acknowledges-pain-but-refuses-to-make-predictions-about-recession-after-jobs-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1967111&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Acting U.S. Labor Secretary Julie Su Optimistic About Economy, Cautious About Recession<\/h2>\n<p>Acting U.S. Labor Secretary Julie Su refused to speculate on the possibility of the nation heading for a recession, acknowledging citizens continue to feel \u201cpain\u201d from rising living costs while also praising President Joe Biden&#8217;s economic agenda.<\/p>\n<p>Su said the June jobs report is an \u201cindication of steady and stable growth combined with the 3.6% unemployment rate,\u201d on MSNBC on Friday.<\/p>\n<blockquote>\n<h3>Positive Signs for Biden&#8217;s Economic Policies<\/h3>\n<p>\u201cRemember, predictions were that it would not go under 4% this quickly, so it is a sign that Biden&#8217;s economic policies, that the president&#8217;s vision of the economy, is working,\u201d Su said.<\/p>\n<\/blockquote>\n<p>The Bureau of Labor Statistics reported Friday 209,000 jobs were added in the month of June to the American economy, marking the 30th consecutive month of job growth. The Biden administration emphasized that unemployment has stayed below 4% for the longest stretch since the 1960s.<\/p>\n<blockquote>\n<h3>Uncertain Future, but Clear Objectives<\/h3>\n<p>When asked if the United States has successfully avoided a recession, Su said she is \u201cnot going to make predictions,\u201d laying out three objectives Biden has to cut inflation down and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-sign-order-aimed-at-combating-anti-asian-american-bias\/\" title=\"Biden to Sign Order Aimed at Combating Anti-Asian American Bias\">strengthen economic security<\/a>.<\/p>\n<ul>\n<li>Investing in America, including industries like semiconductor infrastructure, manufacturing, clean energy<\/li>\n<li>Investing in American workers<\/li>\n<li>Increasing competition to decrease prices<\/li>\n<\/ul>\n<\/blockquote>\n<p>Su was nominated by Biden earlier this year to succeed Marty Walsh, who left the administration to accept the position of executive director at the National Hockey League Players Association. She was confirmed by the Senate as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-taps-ca-labor-official-for-role-amidst-states-multi-billion-dollar-unemployment-fraud-scandal\/\" title=\"Biden Taps CA Labor Official For Role Amidst State\u2019s Multi-Billion Dollar Unemployment Fraud Scandal\">deputy labor secretary<\/a> in 2021 but has been sharply criticized by Republicans in the chamber. Su&#8217;s nomination is currently in a state of uncertainty. Opponents cite her record as California\u2019s labor secretary while handling the state\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/swing-district-dems-break-from-biden-on-increased-unemployment\/\" title=\"Swing-District Dems Break From Biden on Increased Unemployment\">unemployment insurance system<\/a> over the pandemic, which has been found to have issued billions of dollars in wrongful or fraudulent payments.<\/p>\n<blockquote>\n<h3>Tackling Rising Costs<\/h3>\n<p>The Federal Reserve has been raising the federal funds rate to curb inflation, and the agency is expected to increase rates again later this month. With <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/julie-su-acknowledges-pain-but-refuses-to-make-predictions-about-recession-after-jobs-report\/\" title=\"Julie Su acknowledges economic 'pain' but avoids recession predictions after jobs report.\">mortgage rates climbing<\/a> this month, along with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-federal-reserve-just-raised-interest-rates-how-will-it-impact-your-family\/\" title=\"The Federal Reserve Just Raised Interest Rates. How Will It Impact Your Family?\">credit card rates<\/a>, Su pointed to the Biden administration&#8217;s economic plan to tackle the toll surging costs are taking on Americans.<\/p>\n<\/blockquote>\n<p>\u201cI think part of the answer though is to continue to do what the president said \u2014 let&#8217;s finish this job,\u201d Su said. \u201cLet&#8217;s create good jobs in communities all across the country. Let&#8217;s create pathways so people who have been left out of the labor market before can get those good jobs.<\/p>\n<p>\u201cAnd let&#8217;s continue to focus on bringing down inflation, bringing down costs of living so that Americans can feel this in their homes at the grocery stores and at the kitchen table,\u201d Su said.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acting U.S. Labor Secretary Julie Su declined to comment on a potential recession, recognizing the public&#8217;s struggle with increasing living expenses. She commended President Joe Biden&#8217;s economic plan and highlighted the June jobs report as a sign of consistent and stable growth, along with a 3.6%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1967112,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1967111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1967111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1967111"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1967111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1967112"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1967111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1967111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1967111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}