President Joe Biden hailed May’s tepid jobs report as progress and touted his administration’s economic achievements during a Friday speech.
The jobs report, which was released just hours before Biden spoke, fell slightly short of expectations but was not nearly as disappointing as the month before. The economy added 559,000 new jobs, short of forecasters’ predictions of 650,000. The unemployment rate dipped from 6.1% down to 5.8%, which was slightly better than expected.
“Today, we received great news for our economy and our recovery,” Biden said of the Friday report.
He pointed out the total amount of jobs that have been added to the economy since his inauguration and drew parallels to his predecessors, although the enormous amount of job growth came at a unique time when the United States was just beginning to emerge from high levels of unemployment due to the pandemic.