U. S. President Biden on Friday brushed off a second month of disappointing jobs growth figures, claiming \u201cmonthly totals bounce around\u201d before walking off without taking reporters\u2019 questions.
Biden spoke about 90 minutes later than scheduled and emphasized that the unemployment rate dropped to 4.8 percent in September; the lowest since February 2020, even though economists say that reflects fewer people seeking work.
\u201cToday\u2019s report has the unemployment rate down to 4.8 percent, a significant improvement from when I took office and the sign that our recovery is moving forward\u201d, Biden said.
\u201cThe monthly totals bounce around, but if you take a look at the trend, it is solid. On average, 600,000 new jobs created every month since I took office\u201d, Biden added
The new report showed the US added just 194,000 jobs in September, far short of economists\u2019 expectations of about 500,000.
The shortfall compounded a hiring slowdown in August, when the US added 366,000 jobs, according to revised figures released Friday \u2014 far below economists\u2019 expectations of 720,000.
Biden said, “The monthly totals bounce around, but if you take a look at the trend, it is solid.”
Biden and Democrats sought to use the disappointing news to promote even more federal stimulus despite Republicans and business owners across the nation arguing that could reduce incentives to work.
\u201cThe jobs numbers also remind us that we have important work ahead of us and important investments we need to make,\u201d Biden said. \u201cWe risk losing our edge as a nation if we don\u2019t move\u201d, he added. But Republicans blamed Biden for the poor jobs figures.<\/p>\n","protected":false},"excerpt":{"rendered":"
U. S. President Biden on Friday brushed off a second month of disappointing jobs growth figures, claiming \u201cmonthly totals bounce around\u201d before walking off without taking reporters\u2019 questions.Biden spoke about 90 minutes later than scheduled and emphasized that the unemployment rate dropped to 4.8 percent in September; the lowest since February 2020, even though economists …<\/p>\n","protected":false},"author":13,"featured_media":36538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7214,6885,7727,7187,7468],"class_list":["post-52331","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-biden","tag-fed","tag-poor-jobs-report","tag-stimulus","tag-tapering"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52331"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52331\/revisions"}],"predecessor-version":[{"id":52335,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52331\/revisions\/52335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36538"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}