Biden defends rescue package after disappointing jobs report | TheHill
May 07, 2021 1 min, 44 secs
President BidenJoe BidenAtlanta mayor won't run for reelection South Carolina governor to end pandemic unemployment benefits in June Airplane pollution set to soar with post-pandemic travel boom MORE on Friday defended his $1.9 trillion American Rescue Plan after a disappointing jobs report, arguing that the new data prove the necessity of the legislation and that it would take more time for the economy to recover. .

“Today’s jobs report is a disappointment—just like President Biden’s plan to burden families with more taxes & more debt,” tweeted House Minority Leader Kevin McCarthyKevin McCarthyLoyalty trumps policy in Stefanik's rise, Cheney's fall Cheney drama exposes GOP's Trump rifts Likely Cheney successor appears on Bannon show to tout GOP unity MORE (R-Calif.).

Today’s report makes clear, thank goodness we passed the American Rescue Plan.

Help is here and more help is on the way and more help is needed,” Biden said.

Biden rejected the notion that the enhanced unemployment benefits included in the rescue package diminished return to work in some categories when asked by a reporter at the end of his remarks.

Treasury Secretary Janet YellenJanet Louise YellenWaPo reporter: Treasury continuing recovery plan amid complaints of labor shortage, inflation Business groups target moderate Democrats on Biden tax plans On The Money: How demand is outstripping supply and hampering recovery | Montana pulls back jobless benefits | Yellen says higher rates may be necessary MORE told reporters at a press briefing later Friday that the extra unemployment benefits were not a factor in the slowdown in job growth. 

“When we look across states or across sectors or across workers, if it were really the extra benefits that were holding back hiring, you’d expect to see that either in states or for workers or sectors where the replacement rate for [unemployment insurance] is very high you’d expect to see lower job finding rates and in fact what you see is the exact opposite,” Yellen said

Yellen also argued that the jobs report was stronger than the headline number suggested and, like Biden, cautioned that it would be an arduous road to recovery. 


1. 300+ groups tell big businesses to ditch ALEC over voting restriction efforts
Jun 14, 2021 # breaking 38 secs
2. Living with COVID-19, once restrictions are lifted - The Mercury News
Jun 14, 2021 # health 1 min, 31 secs
3. McCarthy Vows to Remove 'Anti-American' Ilhan Omar off Foreign Affairs Committee if GOP Wins House
Jun 15, 2021 # breaking 23 secs
4. 'Grandmother of Juneteenth' celebrates federal holiday -- but there is more work to do. Here's how you can help - CNN
Jun 17, 2021 # politics 1 min, 48 secs
5. Victim's death marks first fatality in Austin, Texas, mass shooting - NBC News
Jun 14, 2021 # politics 20 secs
6. 3.5 million Black American households have a negative net worth, new study finds - CNN
Jun 18, 2021 # politics 1 min, 37 secs
7. Vaccinated Los Angeles doctor diagnosed with COVID-19, warns about breakthrough cases: report - Fox News
Jun 14, 2021 # politics 38 secs
8. Leaker claims new redesigned MacBook Pro will be launched in Q4 along with M1X Mac mini - 9to5Mac
Jun 18, 2021 # technology 1 min, 2 secs
9. Disneyland Replacing Annual Passes With Membership Program Catering To “Superfans” - Deadline
Jun 19, 2021 # entertainment 40 secs
10. California reopens, says goodbye to nearly all COVID-19 restrictions
Jun 15, 2021 # breaking 1 min, 45 secs
11. Bethesda Hints at Length of "Very Big" Starfield - ComicBook.com
Jun 19, 2021 # technology 41 secs
12. NASA rocket launch will be visible from New York City this week - New York Post
Jun 13, 2021 # science 34 secs
13. Anthony Mackie gets heat from Marvel fans for shutting down Sam and Bucky romance speculation - USA TODAY
Jun 19, 2021 # entertainment 1 min, 22 secs
14. Lordstown Motors admits that electric truck orders aren't 'firm purchase commitments' - Yahoo Finance
Jun 17, 2021 # politics 2 mins, 40 secs
15. Vaccinating Oklahoma: Tracking vaccination rates, COVID-19 data, maps and updates - KOCO Oklahoma City
Jun 13, 2021 # health 1 min, 12 secs
16. Back 4 Blood is always online - even when played solo with AI teammates - Eurogamer.net
Jun 19, 2021 # technology 1 min, 10 secs

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2021 365NEWSX - All RIGHTS RESERVED