Live Live Updates: Jobs Report Tests Biden’s Economic Strategy Business groups and Republicans argue that a $300 weekly supplement to unemployment benefits is hurting the economy, but administration officials disagree. Video transcript Back bars 0:00 / 1:10 - 0:00 transcript Disappointing Jobs Report Tests Biden’s Economic Strategy President Biden delivered an optimistic speech Friday, following the release of April’s jobs report, which found that the economy only added 266,000 jobs last month. President Biden delivered an optimistic speech Friday, following the release of April’s jobs report, which found that the economy only added 266,000 jobs last month. Video transcript Back bars 0:00 / 1:08 - 0:00 transcript Yellen Says ‘Recovery Will Remain On Track,’ After Weak Jobs Report Treasury Secretary Janet L. Yellen said on Friday that April’s jobs report, which cited an addition of 266,000 jobs last month, was an indicator that the U.S. has a long road to economic recovery, but described the growth as continued progress. And today’s jobs report underscores the long-haul climb back to recovery.

Source: New York Times May 07, 2021 13:25 UTC