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Biden Touts Job Gains to Voters Even as Fed Threatens More Pain

  • President has put pre-midterm focus on robust employment
  • Numbers likely to keep Fed on pace for another rate hike
Bloomberg business news
Watch: President Biden says the monthly jobs report shows the pace of job growth is cooling, but still powering the economy. Source: Bloomberg
Updated on

When President Joe Biden needed it most, a key report landed that boosts his economic message just a month before November’s crucial midterm elections. 

Biden seized on strong jobs numbers Friday as an “encouraging sign,” arguing his economic policies are working to keep the labor market resilient. At an event to tout domestic manufacturing, Biden used the numbers to hammer Republicans, whose agenda he said would roll back those gains.