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Biden says America is "on the move again" as unemployment rate dips to pandemic low

Biden says America is "on the move again" as unemployment rate dips to pandemic low

CBSN
Friday, June 04, 2021 04:44:56 PM UTC

President Joe Biden said America is on the move again Friday after the latest jobs report showed employers added 559,000 jobs in May, closer to what economists anticipated after April's disappointing jobs report. While the president said he was "extremely optimistic," he warned there will be bumps along the way and urged Americans to get vaccinated. He also said now is the time to seize on the upward momentum.

This comes as the president is working to get a bipartisan agreement on infrastructure proponents say will boost employment, but talks have been slow as Republicans balk at the price and proposed measures to pay for it.  The unemployment rate fell to 5.8% in May down from 6.1% in April, the Labor Department said. But employment last month was still down about 7.6 million jobs from pre-pandemic levels, in February 2020. And 9.3 million people remain unemployed, potentially able to work. Mr. Biden said the U.S. is the only major country where projections of economic growth are better now than they were before the pandemic. 
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