Biden touts seeing ‘more new jobs created in first two months than any administration in history’

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On Friday, President Joe Biden touted the strong March employment report alongside a milestone in vaccines, while saying the country still has a long way to go to recover from the COVID-19 crisis. “This morning, we learned that our economy created 900,000 jobs in March,” Biden said in a short speech at the White House. That “means that the first two months of our administration have seen more new jobs created in the first two months than any administration in history, but we still have a long way to go to get our economy back on track.”

The March employment report on Friday showed the US economy regained 916,000 jobs last month, and the unemployment rate fell to 6% from 6.2%. Economists surveyed by MarketWatch expected a gain of 675,000 jobs and an unemployment rate of 6%. See: US Gains 916,000 New Jobs in March, Indicating a Strengthening Economy When asked by a reporter how much credit he was taking from the latest employment figures, Biden said he was “giving credit to the American people “. On COVID vaccines, the president said the week has brought a record. “Yesterday, we set an all-time record for vaccines on Thursday, ending a seven-day period that was the first in which we administered 20 million injections in seven days,” he said. “There are 20 million shots in a week. No other country has come close to doing that. ”Biden’s comments came two days after he made his sales pitch for his“ American Jobs Plan, ”an infrastructure proposal priced at $ 2.3 trillion. That speech was made in Pittsburgh, with Biden touting the plan as “a once-in-a-generation investment in America.” The president resumed his effort to sell the plan on Friday. “Independent analysis shows that if we pass this plan, the economy It will create 19 million jobs: good jobs, manual jobs, jobs that pay well, “he said. Biden defended the tax increases he proposed to fund his infrastructure plan, following a question from a journalist. American companies that pay their fair share will not slow down the economy at all. It will make the economy run better and generate more energy, “he said. US Stock Index Futures ES00, + 0.43% YM 00, + 0.46% stayed open on Friday long enough for traders to see the March jobs report, and they extended a modest increase after the much stronger than expected rise in nonfarm payrolls. Cash trading in stocks, and most other markets, were closed due to the Good Friday holiday. Opinion: Why the drop in the unemployment rate to 6% doesn’t mean much More: ‘Finally there is real light at the end of the tunnel’: Economists react to strong March employment report