The U.S. gained 275,000 jobs in February, surpassing what was expected, while the unemployment rate went up to 3.9 percent, as per information released by the Labor Department on Friday.
The February jobs report went against what economists predicted. They had expected an increase of 200,000 jobs with the unemployment rate remaining at 3.7 percent, based on general estimates.
The February jobs report was released the day after President Biden emphasized the swift recovery of the U.S. economy and his investments in its long-term future during the State of the Union address on Thursday night.
Biden has struggled to turn strong economic data into support of his handling of the economy with less than eight months until the election, in which he is likely to face a rematch with former President Trump.
In his Thursday speech, Biden highlighted the record-breaking job growth and increase in manufacturing activity during his presidency, while criticizing the media for ignoring what he called “the greatest comeback story never told.”
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