Biden: Low Jobs Number Shows ‘We Have a Long Way to Go’ | Voice of America

 Biden: Low Jobs Number Shows ‘We Have a Long Way to Go’ | Voice of America

The Biden administration moved quickly on Friday to allay concerns that a surprisingly weak jobs report issued by the Bureau of Labor Statistics suggests that the American Rescue Plan, a $1.9 trillion stimulus package that became law in March, is failing in its goal of revitalizing the economy. 

Economists and policymakers in the U.S. were stunned Friday morning when the BLS reported that the U.S. economy, thought to be expanding at a rapid pace, added only 266,000 jobs in April. That was far short of the 1 million that many experts had been projecting and, combined with a downward revision of the jobs estimates from February and March, sparked concerns that the U.S. economy’s recovery from the pandemic-induced recession might be slowing down. 

During a White House briefing, Treasury Secretary Janet Yellen said that the purpose of the rescue plan had been “to provide enough relief for Americans to make it to the other side of…

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