Jared Bernstein: President Biden has set up an 'amazing labor market recovery'

White House economic adviser breaks down the Biden administration's strategy to bolster America's economy on 'Your World.'

We are outperforming where people thought the economy would be. If you look at the long-term job gains over this expansion, we've surpassed our pre-pandemic level way before almost any other business cycle on record, at least going back to the 1950s. Manufacturing is engaged in the strongest business cycle since 1953. You just don't pose those kinds of economic records unless your economy is doing something very right.