U.S. economy is ‘on the move,’ Biden says as jobs jump
WASHINGTON, July 2 (Reuters) – U.S. President Joe Biden and top administration officials hailed Friday’s strong monthly jobs report, saying it was a sign that the White House’s economic and pandemic-fighting strategies were working.
“This is historic progress, pulling our economy out of the worst crisis in 100 years, driven in part by our dramatic progress in vaccinating our nation and beating back the pandemic as well as other elements of the American Rescue plan,” Biden said in remarks at the White House.
“To put it simply, our economy is on the move,” the Democratic president said.
The $1.9 trillion American Rescue Plan, which passed Congress in March without any Republican support, pumped money into businesses, households and local governments.
The Labor Department reported on Friday that U.S. businesses added 850,000 workers in June, ahead of analyst expectations and a sign the economic recovery may be accelerating. read more
Read more…
