Disappointing Jobs Report Tests Biden’s Economic Strategy

We came to office, we knew we were facing a once-in-a-century pandemic and a once-in-a-generation economic crisis, and we knew this wouldn’t be a sprint, it’d be a marathon. Quite frankly, we’re moving more rapidly than I thought we would. This morning, we learned that our economy created 266,000 jobs in April. Hadn’t been adjusted again yet, but that’s what it says, 266. And listening to commentators today, as I was getting dressed, you might think that we should be disappointed. But when we passed the American Rescue Plan, I want to remind everybody, it was designed to help us over the course of a year, not 60 days — a year. We never thought that after the first 50 or 60 days, everything would be fine. Today, there’s more evidence that our economy is moving in the right direction, but it’s clear, we have a long way to go. All told, our economy has added more than 1,500,000 new jobs since I took office. That’s the most number of jobs created in the first three months of any presidency in our history.


READ  US earnings defy supply chain problems


Please enter your comment!
Please enter your name here