'Historic Day For Our Economic Recovery' After US Unemployment Drops: Biden

view original post

The fall in the US unemployment rate reported in the December jobs data marks a “historic day for our economic recovery,” President Joe Biden said Friday.

Unemployment dropped to 3.9 percent last month, the Labor Department said, but the number of positions added was much less than analysts forecast, and some fear the economy could shed jobs in the months to come as the Omicron variant of Covid-19 hits businesses.