Biden Makes Case for Slower Job Growth: ‘Consistent, Steady Progress’

Biden Makes Case for Slower Job Growth: ‘Consistent, Steady Progress’
President Joe Biden arrives for a virtual meeting in Washington on Aug. 11, 2021. Mandel Ngan/AFP via Getty Images
|Updated:

President Joe Biden spoke of “consistent, steady progress” Friday with the release of a jobs report that showed less-than-expected growth for September.

The Labor Department’s jobs report  shows non-farm payroll employment rose by 194,000 last month, down from last month’s upwardly revised 366,000, and far below the FactSet-provided consensus forecasts of 500,000.