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White House downplays surprising February jobs gain, warns US far from recovery

Added 03-05-21 12:57:03pm EST - “Top White House officials took little solace in the better-than-expected February jobs report, insisting Friday that the U.S. was far from a full and equitable recovery from the coronavirus pandemic.” - Thehill.com

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Posted By TheNewsCommenter: From Thehill.com: “White House downplays surprising February jobs gain, warns US far from recovery”. Below is an excerpt from the article.

Top White House officials took little solace in the better-than-expected February jobs report, insisting Friday that the U.S. was far from a full and equitable recovery from the coronavirus pandemic.

The February jobs report released Friday showed the U.S. gaining 379,000 jobs last month, nearly double the consensus estimates of economists. The unemployment rate also dropped 0.1 percentage points to 6.2 percent, its lowest level since March 2020, as businesses prepared for a post-pandemic world.

President BidenJoe BidenTrump State Department appointee arrested in connection with Capitol riot FireEye finds evidence Chinese hackers exploited Microsoft email app flaw since January Biden officials to travel to border amid influx of young migrants MORE’s top advisors, however, sought to spotlight how much economic damage the U.S. needs to repair and shortcomings of the rebound so far as Democrats push a $1.9 trillion aid bill through Congress.

“If you think today's jobs report is ‘good enough,’ then know that at this pace … it would take until April 2023 to get back to where we were in February 2020,” tweeted White House chief of staff Ron KlainRon KlainKlain on Harris breaking tie: 'Every time she votes, we win' Murkowski never told White House she would oppose Tanden Who is the Senate parliamentarian and why is she important? MORE. 

If you think today's jobs report is "good enough," then know that at this pace (+379,000 jobs/month), it would take until April 2023 to get back to where we were in February 2020.

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