Speed Reads

being careful

Biden touts June jobs report despite his economic advisers' caution

President Biden is already touting expectation-exceeding job growth in June as evidence that the administration's initiatives, like the American Rescue Plan, are effective.

"We're proving to the naysayers and the doubters that they were wrong," Biden said at a press conference. Friday's June jobs report detailed 850,000 new jobs, "promising" growth that is expected to expedite U.S. economic recovery.

However, the president's sense of confidence comes just days after the White House's Council of Economic Advisers warned against reading too far into Friday's number, since "a single month's jobs report" and its positive or negative implications may not paint as full a picture of U.S. economic health as desired.

That said, good luck trying to get the president to talk about much else.