Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Watch: Biden and Harris give update on US jobs and economy

Mary-Kate Findon
Friday 03 February 2023 23:14 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Joe Biden and Kamala Harris delived an update on the current state of the US economy and job developments.

The president and vice president were speaking during their trip to Philadelphia.

It comes as the US government announced earlier today, 3 February, that employers have added 517,000 jobs in January.

The unemployment rate has also dropped to the lowest level since 1969 - 3.4 per cent.

Economists were surprised by the somewhat unexpected burst in the aftermath of the Federal Reserve's recent interest rate hikes.

Also announced by officials on Friday was a revised estimate of November and December's gains by a combined 71,000.

Joe Biden said "our plan is working" because of "the grit and resolve of the American worker.”

He also noted that his administration has “created more jobs in two years than any presidential term at any time”.

Sign up for our newsletters.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in