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

[Yo_Mama_Been_Loggin]

Source: The Hill

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 Biden's top advisers, 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 Klain.

Link to tweet

Read more: https://www.msn.com/en-us/news/politics/white-house-downplays-surprising-february-jobs-gain-warns-us-far-from-recovery/ar-BB1ehEgg?li=BBnbfcQ&ocid=hplocalnews

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What a refreshing change from the orange tub of lard. If this were the previous administration they'd be touting how great things are.

[Mike 03]

1. Biden's humility is such a breath of fresh air. The previous tenant at the White House even used

to celebrate abject failures as if they were victories.

It's so nice not to have to be ashamed of the President of the United States.

[Jose Garcia]

3. Or perhaps they realize that it's harder to pass a huge economic relief bill

if people think that the economy is already recovering.

[inanna]

2. Wow...

I cannot EVER remember this happening before.