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US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

The US unemployment rate fell below five percent for the first time since March 2020, Joe Biden said.
The US unemployment rate fell below five percent for the first time since March 2020, Joe Biden said.

Washington: US President Joe Biden put a gloss on disappointing job creation figures Friday by focusing on a drop in unemployment, which he said marks a "sign that our recovery is moving forward."

While the number of new jobs last month was far below expectations, the unemployment rate fell to 4.8 percent -- below five percent for the first time since March 2020, Biden said.

"The monthly totals bounce around, but if you take a look at the trend, it's solid," he said of the job creation numbers. "When you take a step back and look at what's happening, we're actually making real progress."

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