Washington: US President Joe Biden put a gloss on disappointing job creation figures Friday by specializing in a drop in unemployment, which he mentioned marks a “sign that our recovery is moving forward.”
While the variety of new jobs final month was far beneath expectations, the unemployment price fell to 4.eight p.c — beneath 5 p.c for the primary time since March 2020, Biden mentioned.
“The monthly totals bounce around, but if you take a look at the trend, it’s solid,” he mentioned of the job creation numbers. “When you take a step back and look at what’s happening, we’re actually making real progress.”
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