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 “signal that our restoration is shifting ahead.”
Whereas the variety of new jobs final month was far beneath expectations, the unemployment charge fell to 4.8 p.c — beneath 5 p.c for the primary time since March 2020, Biden mentioned.
“The month-to-month totals bounce round, however in the event you check out the development, it is stable,” he mentioned of the job creation numbers. “Once you take a step again and take a look at what’s taking place, we’re really making actual progress.”
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)