A strong jobs report offered a boost to President Biden at a time when voters have soured on his management of the economy.Credit…Haiyun Jiang/The New York TimesFriday’s surprisingly strong jobs report offered a boost to President Biden, at a time when voters have soured on his management of the economy.The report suggested the United States was not in recession, despite negative economic growth. And it underscored the strength of the labor market, which is the president’s biggest point of economic pride. The report, analysts from Capital Economics wrote in a research note on Friday morning, “appears to make a mockery of claims the economy is heading into, let alone already in, a recession.”But the release from the Labor Department also contained warning signs for Mr. Biden about inflation, the issue that has kicked the legs out from his approval ratings this year.The continued hot pace of employment growth, along with faster-than-expected wage gains for workers, is likely to feed the Federal Reserve’s desire to aggressively raise interest rates to choke off price growth. Those rate increases risk slamming the brakes on the economy and driving unemployment higher.Mr. Biden celebrate …
