Forbes Media Chairman Steve Forbes said on Friday that President Biden’s remarks on the new jobs report amounted to a "fairytale" about economic recovery. Forbes claimed Biden "hobbled the recovery from COVID as the lockdowns ended." 'SPECIAL REPORT' ALL-STAR PANEL ON BIDEN'S ECONOMY, JOB NUMBERSForbes reacted to Biden saying his economic plan is working after the jobs report showed the U.S. economy added a record 6.4 million jobs in 2021. U.S. job growth faltered in December, just before the rapid spread of the new omicron coronavirus variant cast a fresh threat over the economy and its recovery from the pandemic. The last time job growth was this slow was in December 2020, when employers cut 306,000 positions.

Source: Forbes January 08, 2022 04:38 UTC