Biden Says Jobs Report Shows American Rescue Plan Is ‘Urgently Needed’

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  • Bloomberg Quicktake: Now published this video item, entitled “Biden Says Jobs Report Shows American Rescue Plan Is ‘Urgently Needed'” – below is their description.

    President Joe Biden said Friday that the latest government jobs report proves that his virus stimulus bill, the American Rescue Plan, is “urgently needed.”

    Biden made the comments just before a White House meeting with his economic team.

    U.S. employers added a surprisingly robust 379,000 jobs last month in a sign the economy is strengthening as virus cases drop, vaccinations ramp up, Americans spend more and states ease business restrictions.

    But the February gain represents just a fraction of the roughly 9.5 million that the economy must regain to get back to where it was before the crisis.

    Biden noted that at the current rate of recovery, “it will take two years to get us back on track,” and urged the quick passage of his coronavirus stimulus package.

    The $1.9 trillion relief package passed the House and is currently before the Senate.

    It would provide, among other things, $1,400 checks to most adults, hundreds more in weekly unemployment benefits and another round of aid to small businesses at a time when many Americans have seen their income shrivel and have fallen behind on rent, mortgages and other bills.

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