Biden touts US job growth as February gains beat expectations

U.S. President Joe Biden announced on Friday that his administration has added 311,000 American jobs in February.

This is fewer than January's huge gain, but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.

The unemployment rate rose to 3.6 per cent from a 53-year low of 3.4 per cent, as more Americans began searching for work but not all found jobs. Friday's report from the government made clear that the nation's job market remains fundamentally healthy, with many employers still eager to hire.

This follows Biden unveiling his plans for government spending and higher taxes on the wealthy on Thursday. The Democratic president challenged his Republican opposition on fiscal responsibility, highlighting plans to cut the nation's deficit by nearly $3 trillion over 10 years by raising taxes on those earning more than $400,000 a year.

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