Pres.-elect Joe Biden Delivers Remarks on Latest Jobs Numbers | LIVE | NowThis
2 min read
JOB NUMBERS PLUMMET IN NOVEMBER: President-elect Joe Biden delivers remarks on the final jobs report of 2020, after the Labor Dept. announced that 245,000 jobs were added in November, significantly less than the 440,000 expected by economists. November marked the fifth month in a row in which the number of new jobs dwindled, as the U.S. saw its slowest month of growth since the economic recovery was thought to be beginning over the summer. Economist Diane Swonk called the latest report ‘ugly,’ adding ‘two-hundred forty-five thousand, when you’re still more than 9 million in the hole. It will go negative next month.’ These low numbers come as Congress shows small signs of progress towards passing the next round of coronavirus relief. In an interview with CNN, Biden said the recent $900 billion proposal is ‘a good start’ and believes ‘it should be passed,’ but added that he’ll ‘ask for more’ come January. Biden’s ‘Build Back Better’ plan for the economy begins with ‘further immediate relief’ for families, small businesses, and other communities who have been hit hardest by the pandemic—a plan that counters Pres. Trump’s focus on the stock market.
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