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weamp;#39;ve actually President Bidenamp;#39;s State of the Union unemployment rate is a 3.4 percent of 50-year low that claim is also true ing to the U.S Bureau of Labor amp;#39;s employment rate was 3.4 last time it was that low was 54 years ago in May of 1969. Josh Bivens director of research for the economic policy Institute says unemployment is seeing record lows for two main reasons first is the 5.2 trillion dollars in fiscal support from the federal government during the pandemic other is that the total size of the labor force is now lower than it was before the pandemic
