Joe Biden Hails "Historic" Rebound As US Adds 850,000 Jobs In June

"This is historic progress, pulling our economy out of the worst crisis in 100 years," Joe Biden said at the White House.

President Joe Biden on Friday cheered the "historic" US rebound from the Covid-19 crisis as the economy gained 850,000 new jobs in June, cementing the evidence of a broad recovery. The uptick was better than expected and came after two months of disappointing results, buoyed by big increases in the hard-hit leisure and hospitality sector, the Labor Department said in its closely watched monthly report. With the latest gains, the world's largest economy has added 3.3 million jobs in the first six months of the year. "This is historic progress, pulling our economy out of the worst crisis in 100 years," Biden said at the White House.