The president applauds the report.
The Department of Labor announced that 223,000 jobs were added to the U.S. economy in December. Officials report that the unemployment rate has dropped to a five-decade low of 3.5 percent.
President Biden said, “Today’s report is great news for our economy and more evidence that my economic plan is working. … We are seeing a transition to steady and stable growth that I have been talking about for months. We will have work to do to bring down inflation, and help American families feeling the cost of living squeeze. But we are moving in the right direction.”
Despite the deceleration in the downward trend from numbers in November, it is the worst month for job creation since December 2020.
As the Lord Leads, Pray with Us…
- For Labor Department officials as they crunch employment numbers and data.
- For the head of the Bureau of Labor Statistics as he oversees the gathering of information and its assimilation.
- For the president and his labor advisors as they assess the employment market.
Sources: Wall Street Journal, The White House, Fox Business
