White House Adviser Touts ‘Steady And Strong Landing’ For US Job Market

White House Senior Adviser Gene Sperling praised the recent jobs report on Friday declaring the U.S. job market is experiencing a “very steady and strong landing.” Sperling made the comments during an appearance on NewsNation’s “The Hill.”

“We’ve been saying for a while that, after the just rocket job growth that we had in 2021, that we needed to transition to what would be strong but sustainable job growth,” Sperling said. He noted that the U.S. is averaging 245,000 jobs created per month so far in 2024 which he described as “a stronger jobs market than many, many people predicted.”

Sperling acknowledged that while the current economic situation is “not good enough, because people are still facing too high costs in their family and personal lives,” he emphasized that “in terms of the job market, yes, this is steady, sustainable job growth, better than even a soft landing.”

The White House adviser also highlighted that the unemployment rate has remained under 4% for 27 consecutive months a feat that “hasn’t happened in 50, 60 years.” Sperling expressed optimism about the economy’s transition to “strength and sustainability” without a downturn that “might bring inflation down, but would hurt millions and millions of Americans.”

The recent jobs report and Sperling’s comments come amid ongoing discussions about the possibility of a “soft landing” for the U.S. economy as it navigates the post-pandemic landscape and the Federal Reserve’s efforts to curb inflation.


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