Biden talks about disappointing September jobs report :: WRAL.com
President Joe Biden delivers remarks on the September jobs report. US employers added just 194,000 jobs last month as many are still struggling to find workers.
A huge improvement since I took office and a sign that our recovery is moving forward. Even in the face of the Covid pandemic, that improvement has been widespread unemployment for Hispanic workers, and the unemployment rate for African Americans has fallen by almost a full percentage and is now below 8% for the first time in 17 months. A drop of 496,000 and long-term unemployment is the second largest drop in a single month. Since we started keeping records, the biggest has been in July. So in the last three months, we’ve seen a drop of 1.3 million long-term unemployed. This is the largest drop in three months in long-term unemployment. Since we started keeping records in 1948. There’s more to do, but great progress and American work are seeing their pay rise too. In September we saw one of the largest increases in the average wage paid to workers by uh, working Americans ever. Today’s report comes a day after the Labor Department discovered that in the third quarter of this year, the number of layoffs and job cuts was the lowest in this country since 1997. Overall, the unemployment report shows nearly 200,000 jobs were created last month, and more than 300,000 in the private sector and 26,000 in manufacturing offset by some seasonal adjustments in education employment, monthly totals rebounded around. But if you look at the strong trend on average, 600,000 new jobs have been created every month since I took office and in the three months before I got there, that was 1/10. What is created is 60-60 thousand jobs versus 600 thousand jobs per month. Altogether, the job creation in the first eight months of my administration of nearly five million jobs leads to a lower unemployment rate. This is progress. It is a tribute to the hard work and resilience of the American people to fight this pandemic, and to work to keep their businesses afloat. Remember, today’s report is based on a survey conducted during the week of September 13th. Not today, September 13 when COVID cases were averaging over 150,000 per day. Since then, we’ve seen the number of daily cases drop by more than a third and it’s still trending downward. We are continuing to make progress at the moment. Things in Washington, you know, are very noisy. Turn on the news and every conversation is a confrontation. Every disagreement is a crisis. But when you take a step back and look at what’s going on, we’re actually making real progress. It may not seem fast enough. I’d like to see it faster and we’ll make it faster. But it might not sound dramatic enough. But I also liked like I said, move it faster. We are making steady and steady progress. Thanks to bipartisan agreements, we’re making progress in funding the government and raising the debt limit. So people keep getting their Social Security checks. The military continues to get paid and much more. We’re making real progress on COVID-19, too. More than 186 million Americans are now fully vaccinated. More than 75% of eligible Americans have had at least one injection and coronavirus cases have fallen 40% in the past month. The number of hospital admissions fell by more than 25 in July. When she announced the first vaccination requirement, about 95 million eligible Americans today had not been vaccinated. We reduced that from 95 to 67 million Americans who haven’t been vaccinated. That’s still a lot. There is more work to be done, including vaccinating more people. But we continue to make progress and the US bailout we passed shortly after my election. We’ve made progress saving rent and mortgage relief to help keep roofs over people’s heads. We’ve provided checks, pockets and other benefits so families can feed their families, and hundreds of thousands of loans to help small businesses stay open and keep employees working in a job that gets paid today. Towns, cities and states that were at risk of losing hundreds of thousands of jobs before because they didn’t have the budget to pay them. We help make their payroll for them so they can keep teachers, police officers, firefighters and essential workers on the job, and help schools stay open with the equipment and resources needed to keep students and teachers safe. Finally we offered a tax exemption. I’ve been looking for a long time for families with kids who, as I’m talking, give out monthly checks to over a family of 60 million kids, $300 a month for every child under 7, a month for all kids under 17, keeping the discounts Tax cut, it’s a tax cut for these people and reduced child poverty by more than about 40%. We’re making more progress in protecting our air, water, and landscape than there should be, and I have more to say about that later today. The job numbers also remind us that we have important work ahead and important investments that we need to make. America is still the largest economy in the world. We still have the most productive workers in the world’s most innovative minds, but we risk losing our advantage as a nation if we don’t move our infrastructure that used to be the best in the world today. According to the World Economic Forum, the United States, America ranks 13th in the world, 13th in infrastructure, roads, bridges, ports, etc., it was among the first in the world to ensure access to universal education at the turn of the twentieth century. . Now, the OECD has this ranking, America 35 out of 37 major economies when it comes to investment in early childhood education as a percentage of GDP 35 out of 37 in all of these investments that fuel a strong economy. We have taken our foot off the gas and the world, including our opponents, has noticed, and now they are closing the gap, it seems so necessary that we have to regain the momentum we have lost. As my wife says all the time and professorship, any country that teaches us abroad will rival us. The business of our time is to prepare ourselves, to be able to compete to win the rapidly changing global economy of the 21st century. That’s why I’ve proposed two important pieces of legislation that are being discussed here in Washington right now. One focuses on the investments we need to make in physical infrastructure. America’s roads, bridges, ports etc. The second focus is on the investments you need to make in the American people to make us more competitive. I know this is my legislation, and I feel strongly about it, but the people most at risk are the American people. So we need to stay focused on what these bills mean to people who are just looking for a little breath of fair chance to build a decent middle-class life for success and prosperity and spending just on their nails. We need to watch and watch what is fundamentally at stake for our country. Being able to compete and win the 21st century race as we did in the 20th century, a race that other countries have been doing everything they can to win in recent years. China spent about three times as much on infrastructure, three times as much as the police mayor. Its economy is more than that of the United States. Our infrastructure bill, makes investments. We need to rebuild our economy’s arteries, roads, highways, bridges, reports, airports, and railways, and we will be allowed to replace the lead water pipes, which are poisoning our children and families. It’s silly. Build a modern power grid that can withstand storms and transport renewable energy across America. Make high speed internet affordable and available everywhere in America and create good union jobs. In putting it all together, we will make the largest investment in public transportation in American history and we will make the most significant investment on our railroads since Amtrak’s founding 50 years ago. But it is not enough just to invest in our physical infrastructure. We will lead the world as we used to. If we are going to do that, we also have to invest in our people. This is what my second disc does to rebuild a better plan. This is what he does today. Only about half of three- and four-year-olds in America are enrolled in early childhood education, early childhood education in Germany and France. United Kingdom Latvia, this figure is over 90%. We are retarded. It’s not just early education, according to one study, America ranks as such. America ranks 33rd out of 44 advanced economies when it comes to the percentage of our youth with a post-secondary degree. US, 33 out of 44. Rebuild My Bill a Better Plan puts us back on track to make available four additional years of public education for everyone in America, two years of high-quality preschool on the front end, indicating that more than 56 % of children will be able to make it through 12 years and beyond without any interruptions and investments in a community college. So that our students can acquire the skills they need to acquire part of the place for themselves. In the twenty-first century economy, we will help build families, we will help them defray the costs of caring for their new child, especially from their next of kin, and we will extend the tax credit to families with children. This will help us meet the moment related to climate change and become global leaders in fast-growing clean energy industries such as solar and wind energy. The whole world knows that the future of the automotive industry is electricity and battery technology. We need to make sure America builds that future. Instead of getting left behind, we should build those vehicles and the batteries that go in and charging stations, they’re going to need 500,000. We’re going to build all over America here in the United States, we should do that and look if we do, we’ll breathe new life into our economy and our workforce and we’ll breathe air clean at the same time. These are the types of investments. I will put America back in the game and give our workers a fighting chance. Economists of the left, right and center agree. Earlier this year, Wall Street’s Moody’s predicted that investments in these bills would bring us higher GDP, two million more jobs annually and reduce unemployment. These bills are not about left versus right, talk versus progressive, or anything else that puts Americans against each other. These bills relate to competitiveness versus complacency, competitiveness versus complacency, and opportunity versus decay. They are about leading the world or whether we let the world pass us by. American. People understand what is at stake here. They realize that when workers and families have a better chance, America has a better chance. Half a chance was given. The American people have never, never, never failed their country today to receive more evidence of the progress we are making. I know we can achieve a lot in the coming days. I want to thank you. God bless you all and God save our soldiers. Thank you so much. Yes. OK. millimeter