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Unemployment Rate

President Barack Obama takes victory lap on economy

President Barack Obama on Friday used a new jobs report to continue his victory lap on the economy — and jab at the Republicans vying for his job.

In brief remarks to reporters at the White House, Obama declared the U.S. has "the strongest, most durable economy in the world."

He pointed to signs of wage and income growth, job growth, lower oil prices and increasing numbers of Americans with health insurance as evidence of that claim.

The president spoke shortly after the Labor Department announced that U.S. employers added 151,000 jobs in January. The gains pushed the unemployment rate to 4.9 percent from 5 percent, the lowest level of Obama's...