Decades-low unemployment rate is welcome news for Biden ahead of State of the Union
U.S. President Joe Biden cheered jobs numbers released Friday morning showing the lowest unemployment rate in almost 54 years, pointing to the report as another example that his policies are working.
“The last time the unemployment rate was that low was May 1969,” Biden said, speaking from the White House. “More people are coming into the market looking for jobs and getting jobs, a positive sign for the health of the economy going forward.”
The Bureau of Labor Statistics jobs report released Friday found the U.S. unemployment rate fell to 3.4%, an almost 54-year low, even better than the 3.6% economists expected. Nonfarm payrolls increased by 517,000 in January, far exceeding the 187,000 market estimate and December’s 260,000 gain.
“We’ve created 12 million — 12 million — jobs since I took office,” Biden said. “That’s the strongest two years of job growth in history by a long shot.”
[Well to be fair, it's like nearly 12 million]
How many jobs did Trump create in his four years...? I can't seem to find numbers on that...