Home Business Weak jobs report could be a risk or opportunity for President Biden: ‘It’s clear we have a long way to go’

Weak jobs report could be a risk or opportunity for President Biden: ‘It’s clear we have a long way to go’

by staff

Jared Bernstein, a member of the White House Council of Economic Advisers, said he has heard companies say they’re struggling to find workers, but he didn’t see those concerns reflected in the jobs report. For example, restaurants and bars added 187,000 jobs last month even though workers in that relatively low-wage sector would, in theory, have an incentive to just collect unemployment.

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