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Biden sees US economy as powering past the pandemic

Biden sees US economy as powering past the pandemic

ABC News
Saturday, February 05, 2022 12:41:24 AM UTC

President Joe Biden and the White House were bracing for bad economic news

WASHINGTON -- That bleak jobs report the White House had been bracing for never arrived Friday.

Instead, President Joe Biden got the pleasant surprise that the U.S. economy had powered through the omicron wave of the coronavirus and posted 467,000 new jobs in January — along with strong revisions to job gains in the two prior months. It showed just how much the pandemic's grip on the economy has faded, though the nation is still grappling with high inflation.

“Our country is taking everything that COVID has to throw at us, and we’ve come back stronger," Biden declared at the White House.

The jobs report suggested the United States has entered a new phase in its recovery from the pandemic. And it capped something of a comeback week for the president.

Read full story on ABC News
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