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Economy is on the right track, jobs report says Biden

U.S. President Joe Biden said on Thursday that the February jobs report released earlier this morning showed that the U.S. economy was heading in the right direction. February 14, 2023. REUTERS/Leah Millis/File Photo

[ワシントン 10日 ロイター] – U.S. President Biden said on the 10th that February’s employment report, which was released early in the morning, showed that the U.S. economy is heading in the right direction.

Nonfarm payrolls rose by 311,000, according to the February employment report. The growth exceeded market expectations, again demonstrating the firmness of employment.

The unemployment rate rose to 3.6% last month from 3.4%, the lowest since May 1969. I pointed out that the people who had been there are coming back.

He said inflation had slowed recently and was optimistic about next week’s release of the U.S. Consumer Price Index (CPI).

He also criticized right-wing Republican lawmakers’ reckless stance of refusing to raise the debt ceiling unless the administration agrees to cut spending as the biggest threat to the U.S. economic recovery. At the same time, he remained open to sitting down at the negotiating table with Speaker of the House McCarthy (Republican).

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