President Biden on Friday glossed over weak job growth in December that marked the worst month for hiring in a year, instead focusing on a surprise decline in the nation's unemployment rate.
growth in December that marked the worst month for hiring in a year, instead focusing on a surprise decline in the nation's unemployment rate.
"It's a historic day for our economic recovery," Biden said in brief remarks from the White House. "Today's national unemployment rate fell below 4% to 3.9%, the sharpest one-year drop in unemployment in United States history … Years faster than experts said we'd be able to do it, and we have added 6.4 million new jobs since January of last year."
The unemployment rate is calculated from a survey of households, which found that more people reported that they had found a job last month. A separate survey of employers found that just 199,000 jobs were added last month.
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