"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."

President Joe Biden had good news to deliver in the final jobs report of his administration, which saw jobs growth that defied expectations. Speaking from the Roosevelt Room in the White House on Friday evening, Biden touted the "transformational progress" the economy has made under his watch.