The U.S. added a strong 431,000 jobs in March, but the good news went far beyond the raw numbers.
In other economic news, oil briefly hit a low today of $97.78 per barrel, a day after President Joe Biden took the aggressive step of releasing 1 million barrels of oil a day from U.S. strategic reserves for the next six months.
“The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per day rate for this length of time,” the White House said in a statement. “This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up.”
Charts and noteworthy tweets:
All of these economic gains matter because, by and large, Americans still don’t feel good about the economy—a perception Democrats need to turn the corner on well before November.
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