Washington: US President Joe Biden put a gloss on disappointing job creation figures Friday by focusing on a drop in unemployment, which he said marks a "sign that our recovery is moving forward."
While the number of new jobs last month was far below expectations, the unemployment rate fell to 4.8 percent -- below five percent for the first time since March 2020, Biden said.
"The monthly totals bounce around, but if you take a look at the trend, it's solid," he said of the job creation numbers. "When you take a step back and look at what's happening, we're actually making real progress."
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
