Biden calls latest jobs report 'great news,' claims 'historic progress' in economic rebound

Biden's remarks come after the jobs report released Friday show that 559,000 jobs were added in May and the unemployment rate is 5.8 percent.

President Joe Biden on Friday called the May jobs report "great news" about the economic recovery from the pandemic, touting that his administration has led a historic rebound. The U.S. economy added 559,000 jobs last month and the unemployment rate fell to 5.8% -- the lowest, Biden said, since the pandemic began. The May jobs number is slightly lower than some economists had predicted, but not as disappointing as April's, when the economy gained only 266,000 jobs after economists expected 1 million to be added. "That means we have now created over 2 million jobs in total since I took office, more jobs than have ever been created in the first four months of any presidency in modern history, triple the rate of my predecessor, eight times the rate of President Reagan," Biden said, speaking from Delaware.