Biden Touts Big October Jobs Report

The US economy is recovering post-Delta variant, with October seeing a historic addition of 531,000 jobs and a wage increase of 4.9%. The unemployment rate has dropped to 4.6% from 6.3% in January, marking significant progress. The administration has created 5.6 million jobs in nine months, a record for a new president. Unemployment claims have decreased by over 60% since the start of the term, reaching the lowest level since the pandemic began. The economy is showing strong signs of movement and recovery.

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