Despite the disappointing employment report, Biden still calls the US economy “strong” | Business and Economic News

US President Joe Biden said on Friday that the measures we have taken so far have freed the United States from economic free fall.

President Joe Biden stated that the U.S. economy remains strong after the disappointing employment report and blamed the layoffs on the spread of the delta variant of the coronavirus.

“What we are seeing is a long-lasting and strong economic recovery,” he said on Friday and attributed it to his own policies, including the $1.9 trillion pandemic relief bill earlier this year.

“The measures we have taken so far have freed the United States from economic free fall. We are adding jobs, not losing them,” he said.

Earlier, the US Department of Labor reported that the number of recruits in the United States dropped suddenly in August, and the increase in employment was the smallest in seven months. The unemployment rate fell from 5.4% to 5.2%.

The growth of non-agricultural employment is far below economists’ forecasts, adding only 235,000 jobs, because the delta variable has led to the resurgence of the pandemic in the United States, and employers are struggling with ongoing recruitment challenges.

In addition to Biden’s dilemma, West Virginia Senator Joe Manchin-a key Democratic moderate-called on Thursday for a “strategic suspension” of the president’s economic agenda, jeopardizing his party leaders’ plan to pass Congress this fall. Promoted a 3.5 trillion U.S. dollar tax and social expenditure plan.

Since the Senate is split at a ratio of 50-50, the leader of the party needs everyone to vote for the plan to overcome the unified opposition of the Republican Party.

Biden called on Congress to pass his spending and tax plans, “so that we can maintain the historical momentum built over the past seven months. This is about investing in the future of the United States, not short-term stimulus.”

He did not mention Manchin by name, but accused lobbyists and wealthy people of large companies of delaying the legislative process and vowed to fight them. His plan includes increasing taxes for companies and households with annual revenues of more than $400,000.

“I want to accept them. We will pass these measures,” he said. “The super rich can still own their three houses.”

He called on Americans to “united” to support this legislation, which he said would reshape the American economy.

“When the company and the richest people start paying their share, it will help millions of people,” he said. They will “hit the middle class tickets and stay there.”