Biden: Latest jobs report 'dire'

President-elect Joe Biden says that the most recent jobs report is "dire" and that there is no time to lose in crafting a rescue package as millions of people have lost their jobs or have seen their incomes slashed during the pandemic. (Dec. 4)

Video Transcript

JOE BIDEN: Earlier today, the November jobs report was released and it was grim. It shows an economy that's stalling and remain in the midst of a-- we remain in the midst of one of the worst economic and job crises in modern history. But it doesn't have to stay that way.

If we act now, now, I mean, now, we can begin to regain momentum and start to build back a better future. There's no time to lose. Millions of people have lost their jobs or had their hours slashed. They've lost their health insurance or are in danger of losing their health insurance.

One in every six renters is behind in rent. One in four small businesses can't keep their doors open. And there's a growing gap in Black and Latino unemployment, and the gap remains much too large. And it's deeply troubling that last month's drop in overall unemployment was driven by people who are dropping out of the job market, not because more people were being hired, dropping out of the job market altogether. They've lost hope of finding a job or they're taking full-time caregiving responsibilities as child centers remain closed and their children learn remotely.

Over the past three months, 2.3 million more people are long-term unemployed, meaning for 23 weeks or more, by far the largest increase on record. This is a dire jobs report. I'm not alone in saying this situation is urgent. If we don't act now, the future will be very bleak. Americans need help, and they need it now, and they need more to come early next year.