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President Joe Biden touted a mixed November jobs report on Friday, declaring America to be “back to work” and focusing his speech on the fact that the unemployment rate fell to 4.2%.
While unemployment fell from October’s 4.6% number to 4.2%, there was an underwhelming addition of just 210,000 nonfarm payrolls for November. This was well below forecasters predictions of 573,000, and the president largely avoided discussing this portion of the report.
“At this point in the year, we’re looking at the sharpest one-year decline in unemployment ever,” Biden said, touting that the jobless rate “has now fallen by more than two percentage points since I took office.”
“Simply put, America, America is back to work. Because of the extraordinary strides we’ve made, we can look forward to a brighter, happier New Year, in my view,” he said.
Biden breezed past the less impressive portion of the jobs report, instead shifting the focus to the number of jobs created in the private sector over the course of the past three months. He said that these numbers indicate job growth is improving at “a solid pace” and noted that the six million jobs created by the economy is “a record for a new president.”
Today, we have incredible news that our unemployment rate has fallen to 4.2% – a level experts didn’t expect us to achieve until 2024.
We’ve created 588,000 jobs per month on average this year – a record.
America is back to work, and our jobs recovery is going strong.
— President Biden (@POTUS) December 3, 2021
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