Biden reacts to weak jobs report, says US 'still digging out of an economic collapse,' but on 'right track'

바이든, speaking from the White House on Friday, said he took office during aonce in a century pandemic and a once in a generation economic crisis.

US HIRING SHARPLY MISSES EXPECTATIONS IN APRIL WITH JUST 266,000 NEW JOBS ADDED

We knew this wouldn’t be a sprint—it would be a marathon,” 바이든이 말했다.

The April jobs report released Friday showed the US economy heavily missed Wall Street’s mark, 첨가 a measly 266,000 new jobs as the country continues to recover from the COVID-19 pandemic.

The unemployment rate also unexpectedly rose to 6.1%. While it’s still well below the April 2020 peak of 14.7%, it’s about twice the precrisis level, the Labor Department said in its monthly payroll report, released Friday morning. Economists surveyed by Refinitiv expected the report to show that unemployment fell to 5.8% and the economy added 978,000 직업.

You might think we should be disappointed,” Biden said of the numbers, but said that the “미국 구조 계획,” which passed in late March, “was designed to help us over the course of a year—not 60 days.

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“오늘, there is more evidence our economy is moving in the right direction,” 바이든이 말했다, 인정하면서, 하나, 그 “it is clear we have a long way to go.

바이든, 그러나, touted his administration, 속담 1.5 million jobs have been created since he took office.

This is progress. This is a testament to our new strategy,” 바이든이 말했다. “We’ve got work to do, to state the obvious, we have work to do.

그는 덧붙였다: “But let’s keep our eye on the ball.

PELOSI SAYS ‘DISAPPOINTINGJOBS REPORT CALLS FOR MORE GOVERNMENT SPENDING

그 동안에, House Speaker Nancy Pelosi called the jobs numbers Fridaydisappointing,” saying it highlights theurgent need to pass President Biden’s American Jobs and Families Plans.

We need to take bold action to Build Back Better from this crisis by investing in our nation, our workers and our families,” Pelosi는 말했다.

An April report by Moody’s Analytics, an economic research firm, projected that the US would add 16.3 million jobs through 2030 regardless of Biden’s plan passing. Its study also revealed that Biden’s plan would only truly add 2.7 million jobs if implemented, for a total of 19 백만.

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