Biden touts stronger than expected jobs report: 'America is back to work'
Source: ABC News
After the White House braced for a disappointing January jobs report officials predicted would be skewed by the omicron variant, President Joe Biden took a triumphant tone at the White House Friday to tout the unexpected economic win.
"I want to speak to you this morning about an extraordinary resilience and grit of the American people and American capitalism. Our country is taking everything that COVID's thrown at us. We've come back stronger," Biden said. "I'm pleased to report this morning, many of you already know, that America's job machine is going stronger than ever."
The January jobs report released Friday shows a strong American economy. According to the Bureau of Labor Statistics, 467,000 jobs were added in January -- much higher than economists' expectations that 150,000 jobs would be added. The unemployment rate was little changed at 4%.
In a rare, positive revision, the report also showed that 709,000 more jobs were added in the previous two months than previously reported as data collection has been impacted in the pandemic.
Read more: https://abcnews.go.com/Politics/biden-touts-stronger-expected-jobs-report-america-back/story?id=82673260
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