Biden defends economic policies after disappointing jobs report

Carbonatix Pre-Player Loader

Audio By Carbonatix

After a disappointing April jobs report on Friday revealed only 266,000 jobs were created, the Biden administration is on the defensive and publicly advocating for employees to return to work when they can.

According to the New York Times, "President Biden ordered the Labor Department on Monday to ensure that unemployed Americans cannot draw enhanced federal jobless benefits if they turn down a suitable job offer, even as he rejected claims by Republicans that his weekly unemployment bonus is undermining efforts to get millions of Americans back to work."

The article later notes that many Republicans "blamed a provision in his rescue plan that extended a $300-per-week federal supplement for unemployed Americans."

 The April jobs numbers were undeniably a far cry from the March jobs numbers, that showed job creation of over 900,000 jobs. Many experts believed that job growth would continue at a steady pace in April as the economy continues to rebounds from the coronavirus pandemic. 

The pandemic led many states to set restrictions in their businesses, shutting down complete industries while also setting limitations on occupancy for other businesses. Those restrictions have been lessened as millions have received their vaccinations and the number of new cases has dropped precipitously this year.

It remains to be seen if Biden's actions in the Labor Department will encourage more people to enter the jobs market in the coming months.

 

Sponsored Links

Trending Videos

Salem News Channel Today

Trending Videos

On Air & Up Next

  • Investing & Trading Live
     
    The Investing & Trading Live Radio Show hosted by Josh and Al pulls back the   >>
     
  • Bloomberg Radio
    5:00PM - 6:00PM
     
    Bloomberg Radio is the world's only global 24-hour business radio station.   >>
     
  • Where You Live
    6:00PM - 7:00PM
     
    "Where You Live" with Gene Sullivan - The show that's all about owning, buying,   >>
     
  • Real Estate Chalk Talk
    7:00PM - 8:00PM
     
    Since 2007 Real Estate Chalk Talk is where we study the science of buying and   >>
     
  • The Flot Line
    8:00PM - 8:30PM
     
    Welcome to The FLOT Line, with your host, Rick Hughes. For the next 30 minutes,   >>
     

See the Full Program Guide