Economy

Biden warns of economic peril from Covid despite July job gains

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US President Joe Biden speaks about the July jobs reports in the East Room of the White House in Washington, DC, on August 6, 2021.

Saul Loeb | AFP | Getty Images

WASHINGTON — President Joe Biden resisted the temptation to take a victory lap Friday following the release of strong July jobs numbers, instead telling the country that rising Covid cases pose an urgent threat to the economic recovery.

“My message today is not one of celebration,” Biden said in remarks at the White House. “It is one to remind us that we have a lot of hard work left to be done, both to beat the delta variant and to continue the advance of our economic recovery.”

The highly contagious delta strain of Covid…



Source cnbc.com

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