June 17, 2021

Biden argues that economy is improving despite lackluster April unemployment numbers

President Biden argued that the lower-than-expected April unemployment numbers unveiled on Friday morning still showed that the economy was improving, although he acknowledged that fully economic recovery would be a “marathon.” He took the opportunity to discuss his administration’s efforts on the country’s economic recovery and promote his ambitious multi-trillion dollar infrastructure and health care agenda.

He and members of his administration took Friday’s report as an opportunity to tout their economic recovery efforts so far and promote an ambitious proposal for $4 trillion in new spending on infrastructure, families, and health care, arguing it would be necessary to create more jobs and provide economic security moving forward. 

The U.S. gained 266,000 new jobs in April, falling far short of the 1 million economists expected. The unemployment rate rose slightly from 6%…

Read full article…