Watch Live: President Biden discusses May jobs report as unemployment rate dips to pandemic low
CBSN
President Biden is giving remarks 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. 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.More Related News
