Just like the president Joe Biden once served under as vice president, Barack Obama, President Biden is proving a strong jobs creator despite barriers in place due to the COVID-19 pandemic, currently in the Omicron variant surge. In fact, the president created 467,000 jobs in January and six million since he took office, and is already close to all pre-pandemic levels and set to outpace them.
We created 467,000 jobs in January. That’s more than 6.6 million jobs since I took office.
2021 was the greatest year of job creation under any president in history.
— President Biden (@POTUS) February 4, 2022
Several months have passed when the original reporting of job growth numbers expanded significantly after later data was assessed. The November jobs report, in fact, tripled from its original number. It is possible, therefore, that the 467,000 jobs created in January may increase with later study.
According to CNBC:
‘December, which initially was reported as a gain of 199,000, went up to 510,000. November surged to 647,000 from the previously reported 249,000. For the two months alone, the initial counts were revised up by 709,000. The revisions came as part of the annual adjustments from the BLS that saw sizeable changes for many of the months in 2021.’
Certain industries, such as hospitality, hit drastically hard during COVID lockdowns and social distancing guidelines, have rebounded significantly. Earnings rose to higher than pre-pandemic levels and the jobs report indicates that the United States is set to recover from the blow to the economy presented by COVID-19.
‘The job gains were broad-based, with transportation and warehousing adding 54,000, local government education rising by 29,000 and health care moving higher by 18,000. The unemployment rate for Blacks edged lower to 6.9%. The rate for Asians also declined, falling to 3.6%.’
‘A more encompassing level of unemployment that counts discouraged workers and those holding part-time jobs for economic reasons dropped to 7.1%, a 0.2 percentage point decline and to just above its pre-pandemic level. Those working part-time for economic reasons fell by 212,000 in January, with the total level down 37% from a year ago.’
Another strong jobs report for the Biden administration on the backside of Omicron, and notably wages are up 5.7%! This continues to be a worker led recovery. https://t.co/CB2WVoqUNy
— Amy Siskind 🏳️🌈 (@Amy_Siskind) February 4, 2022