Joe Biden unbelievably broke out into laughter after he announced an abysmal jobs report Friday.
Discussing the latest Bureau of Labor and Statistics report showing a total of 266,000 jobs were created last month, Biden unexpectedly began laughing at analysts who described it as disappointing.
“This morning we learned that our economy created 266,000 jobs,” Biden said.
“And listening to commentators today as I was getting dressed,” he says laughing, “you might think that we should be disappointed.”
On Friday, CNBC pundits had to “double check” the data as they called 266K jobs created in April a “big disappointment.”
Another CNBC commentator called the report “the worst miss…since ’98.”
Joe Biden’s economy:
The April jobs report was the worst miss in 23 years: “The worst miss, we’re told, since ’98.”
— Steve Guest (@SteveGuest) May 7, 2021
The report comes as many businesses are struggling to find workers, as federal unemployment benefits have granted a $300-per-week stipend to the jobless.
The US Chamber of Commerce also described the report as “disappointing,” calling for an end to the free money program.
“The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,” the Chamber said in a statement.
“One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit,” the group stated. “Based on the Chamber’s analysis, the $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working.”
Watch Biden’s full remarks below:
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