Labor Department

On Unemployment Rate, Obama Spikes the Football

In this photo made using a teleconverter in-between two crop factors, President Barack Obama addresses a crowd of around 15,000 during a state arrival ceremony for Pope Francis on Sept. 23, 2015. (Photo By Al Drago/CQ Roll Call)

President Barack Obama on Friday took credit for the latest jobs report, saying the 4.9 percent rate shows his stewardship has made the U.S. economy the “strongest and most durable" in the world.  

The Labor Department on Friday released data that was a mixed bag for both American workers and the Obama administration. The numbers showed the lowest unemployment rate in eight years and rising wages; they also concluded that 151,000 new jobs were created in January, down from three consecutive months during which nearly 300,000 jobs were created per month.  

Warren Joining Obama for Retirement Security Push

Perez says the retirement security announcement is part of Obama's longtime focus on consumer financial protections. (Bill Clark/CQ Roll Call File Photo)

President Barack Obama will be making a public push to strengthen the regulation of financial advisers who provide advice about saving for retirement.  

The two Senate Democrats with perhaps the most star power, Cory Booker of New Jersey and Elizabeth Warren of Massachusetts, will join the president for the rollout of the proposal at an event hosted by the AARP. Monday's event also will feature Richard Cordray of the Consumer Financial Protection Bureau that Warren advocated for creating, along with Rep. John Delaney, D-Md.