Biden Touts Strength of January Jobs Report

The transcript discusses the strong state of the U.S. economy, highlighting the creation of 517,000 jobs in January and a total of 12 million jobs since the current administration took office. It notes the lowest unemployment rate in 54 years and near-record lows for Black and Hispanic unemployment. The transcript also mentions increased workforce participation and a decline in inflation over six months, with gas prices and food inflation decreasing. Real wages are rising, especially for lower and middle-income workers, and the economy grew by 2.9% last quarter. The Biden economic plan is credited with these positive outcomes.

How many jobs were created in January according to the report?

• 750,000

• 250,000

• 1 million

• 517,000

What is the significance of the 12 million jobs created since the current administration took office?

• It is the lowest in any two-year presidential term.

• It matches the previous administration's record.

• It is the highest in any two-year presidential term.

• It is the same as the number of jobs lost last year.

What is the current unemployment rate mentioned in the transcript?

• 3.4%

• 4.5%

• 5.0%

• 2.9%

Which demographic groups are experiencing near-record low unemployment rates?

• Senior citizens

• Black and Hispanic communities

• Teenagers

• Asian and White communities

What trend in inflation is highlighted in the final section?

• Inflation has been stable for six months.

• Inflation has been rising for six months.

• Inflation has been falling for six months.

• Inflation has been unpredictable.