The US economy added an astonishing 517,000 jobs in January, showing that the labor market isn’t ready to cool down just yet, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate fell to 3.4% from 3.5%, hitting a level not seen since before Neil Armstrong stepped on the moon. Economists were expecting 185,000 jobs would be added last month, according to consensus estimates on Refinitiv.
“This is a labor market on heat; nobody would have expected a number as monstrous as this,” Shah said in a statement. “Is [Fed Chair Jerome] Powell now wondering why he didn’t push back on the loosening in financial conditions? It’s difficult to see how wage pressures can possibly soften sufficiently when jobs growth is as strong as this, and it’s even more difficult to see the Fed stop raising rates and entertain ideas of rate cuts when there is such explosive economic news coming in.
Bozo Biden definitely is grabbing the glory he had nothing to do with.
Lying Biden, as always.
Long way to go to reach Trumps 1.6% ...... In the mean time gasoline is creeping back up and a 30 year fixed mortgage rates to buy a house is 6.5% which is a 150% increase from Trumps 2.75%. 30 year fixed mortgage rate.
This is a lie everything still bad
And no one questioned his mistake?
Clown 🤡
He can’t fool the intellectuals but only the ignorant 😂😂
And believe that? Can't they see it?
BidenIsADisgrace Bidenflation BidenCrimeFamilly BidenWorstPresidentEver
Think big deficits cause recessions? Think again!
Biden is wrong on everything!
If he is saying that and the market is not reflecting what he is saying and the numbers dont add up, then I have concluded that somebody is lying and i just cant quite put a finger on.🤔
China is spying on our military bases and Biden is doing a victory tour. Does he not know jobs are laying off and cutting hours for middle America. He needs to step up
Just who is it working for? 70% of the country think it's not.
Yes and your network dutifully displayed Baghdad Bob saying; American troops are nowhere to be found. Journalists seek truth even if it’s ‘ideologically’ uncomfortable
🤡
I think that if you fact check you will find employment isn’t back to pre Covid levels
LOL 😆 🤣
Trump wanted those same people to get back to work 3 years an 2 trillion dollars ago!!
For whom?
Jesus Christ 😂😂😂 nobody believes the news or government anymore!!!!!! 🤡🤡🤡
Plan He hasnt got a “plan” or a clue!
Hunters plan is working, self enrichment absolutely works. Rest of American have to use soup kitchens
🤣🤣🤣🤣🤣🤣🤣
Mouthpiece for the WEF GLOBALISTS - sleepy laptop Joe CCP Biden
In Russia…yes!
And CNN is incapable of unbiased journalism. Why not let FOX and MSNBC be party sycophants and you get back to report “what is” and not what you want us to think. You’re impossible to watch. More people watch Departure and Arrival times than CNN at airports these days.
What plan? What are the steps he took to achieve this miracle of prosperity?
I wish his plan didn’t include everything costing so much and everyone having less money.
Nah
Which it’s true.
Blabbering something something.
wage's still moving slower than inflation and are not equal across sectors
And 90% of those new jobs are people taking on 2nd jobs so they can afford to live.
That must be why everything is way more expensive.
So we gained back another 517,000 that were lost due to Covid? Not new jobs, but ok.
Meanwhile the China SpyBalloon is just hovering over the Midwest snapping pictures of critical infrastructure
He’s correct. Now hiw roll spin this? Did Your “sources” Aja Putin GOP send you the talking point of the day yet? Bet it’s a balloon?
Lol
Electric bill up 80%
This isn’t keeping up with inflation
As Turkey, we have to resist the aggression of 'Greece and the West' once again. Unbelievable but true, they threaten us once again with US military training and want to fight Turkey and Syria with the hands of 'ISIS, PKK and YPG' on Syrian soil.
My grocery bill strongly disagrees with the POTUS
Worst president of all time
Trump took the L for COVID, Biden is taking an L for inflation.
Does even care about America ?
It’s on you and your administration anyway FAT!
You have 21 months remaining Jimmy Carter..
god bless u mr.President
Can’t wait til the state of union address
In the last 2 months 18 (18) Whales have died along East coast from sonar being used in installation of democrats giant Wind Turbines! Democrats are KILLING the Big Beautiful WHALES!
There are 10.33 M Americans who have lost their lives since Jan. 2020 per CDC...imagine how labor shortages and pay-raise won't occur. 🥹
LOL, he takes credit for the job gains though?
The first refund of US Deputy MP Ahan era after the decision to exclude from the Foreign Affairs Committee of the House of Representatives because of 'anti-Israel comments': I am an African migratory Muslim American America
1.4% inflation with an economy ready to explode which you delayed with your fear-mongering. Those jobs were there waiting for people to come back to work. Previous times of unemployment we had to wait for employers to produce the jobs. All you had to do is get out if the way.
TRUMP HAD THE HOTTEST ECONOMY IN AMERICAN HISTORY BEFORE COVID HIT, CREEPY JOE! ALL YOU DID WAS MADE IT WORSE WITH YOUR STUPID STINKING LOCK-DOWNS AND MANDATES. YOU CRUSHED THE AMERICAN AND FOREIGN ECONOMIES WITH YOUR CRAP! WHAT A PATHETIC LIAR AND HISTORY CHANGER, CREEPY JOE!
Out of touch with the average American!
Liar
Good man and he shouldn't. However he can take accolades for being a jobs jobs jobs President. Thank you Joe Biden.