Biden touts 'the sharpest one-year decline in unemployment ever'
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The November jobs report can best be described as confusing, bringing the different methods used to track different economic indicators into focus. The topline numbers are that the economy added 210,000 jobs—short of expectations—and the unemployment ratBiden touts 'the sharpest one-year decline in unemployment ever'
The November jobs report can best be described as confusing, bringing the different methods used to track different economic indicators into focus. The topline numbers are that the economy added 210,000 jobs—short of expectations—and the unemployment rate dropped a startling amount, from 4.6% to 4.2%. President Joe Biden emphasized the unemployment rate in remarks Friday, saying, “At this point in the year, we’re looking at the sharpest one-year decline in unemployment ever. Simply put, America—America is back to work and our jobs recovery is going very strong.” Read more