The employment report reveals that the economic system is stalling, Trump and Congress should act


President-elect Joe Biden said Friday’s overwhelming jobs report anticipated a “dark winter” that will require “urgent action” from President Donald Trump and Congress as Covid spiraling out of control in the US and Americans with benefit cuts face if Congress does not pass business stimulus laws.

In a statement from his office, Biden said that the recent report on the US labor market, which showed significantly slower employment growth amid the coronavirus pandemic, “confirms that we are in the midst of one of the worst economic and employment crises in modern history. “

“This is a grim job report. It shows a faltering economy,” said Biden.

The number of jobs rose by 245,000 in November, well below the 440,000 economists expected and a sharp drop from the 610,000 reported in October.

Biden’s statement stated that the “Bad Jobs Report” only provided a snapshot of the situation in November, “before the surge in COVID cases and deaths in December as we approach a dark winter”.

The US reported the most new infections, hospitalizations and one-day deaths in the entire pandemic on Thursday – 217,664 new cases, more than 100,667 hospitalized patients and 2,879 deaths. And the country’s top health authorities are warning that the situation is going to get worse.

CDC director Dr. Robert Redfield warned Thursday that the next three months will be “the toughest in US public health history.” Covid outbreaks are hitting every corner of the country, threatening to overwhelm the country’s healthcare system.

In his statement on Friday, Biden said that in addition to the public health crisis, Americans will also face an impending economic crisis if Congress and the Trump administration fail to pass a stimulus deal by the end of the month.

“If Congress and President Trump don’t act, by the end of December 12 million Americans will lose the unemployment benefits they rely on to keep groceries on the table and pay their bills. The emergency paid leave ends. The moratorium on evictions is in place states and cities will lose vital tools they need to bear the costs of testing and public health workers to fight COVID, protect children and educators in schools, and keep small businesses alive, “Biden said .

But Biden said he was “encouraged” by advances on Capitol Hill, where Congressional leaders are signaling “momentum” in lengthy negotiations on additional pandemic relief law.

“In the weeks since the election ended, there have been questions about whether Democrats and Republicans could work together. Right now, they’re showing that they can. Congress and President Trump need to reach a deal for the American people,” Biden said.

Trump’s chief economic adviser Larry Kudlow said in a CNBC interview on Friday that economic fundamentals are strong, although jobs are lower than expected. He called for a targeted relief plan to help Americans prepare the country for the distribution of a coronavirus vaccine.

However, Biden said that “any package that is handed over at the Lame Duck session is not enough. It is just the beginning.”

“Congress must act again in January. While we are inheriting this economic crisis, Vice President-elect Harris and I are working on the plan we will come up with for the next Congress to move swiftly forward and control the pandemic, revitalize the economy and build better back than before. And we hope to see the same spirit of bipartisan collaboration that we see today, “Biden said.

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