(CNN) President Joe Biden on Friday argued the US needs the kind of large-scale investments his economic proposals call for in the wake of a disappointing Friday jobs report that fell well below expectations. "We can't let up, this jobs report makes that clear. The President pitched his American Jobs Plan and American Families Plan, which together total roughly $4 trillion, as ways to kickstart the US economy and create more jobs. Treasury Secretary Janet Yellen said Friday the jobs report "underscores the long haul climb back to recovery" but said the US has made "remarkable progress." House Speaker Nancy Pelosi said Friday the disappointing jobs report "highlights the urgent need" to pass Biden's two economic proposals, the American Jobs Plan and American Families Plan, which both total roughly $4 trillion.

Source: CNN May 07, 2021 16:21 UTC