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Biden warns the economy is stalling after ‘dire’ jobs report, calls for ‘urgent action’ on Covid stimulus

President-elect Joe Biden bid Friday’s underwhelming jobs report foreshadows a “dark winter” that demands “urgent action” from President Donald Trump and Congress, as Covid spreads out of guidance across the U.S. and Americans face benefit cuts if Congress does not pass stimulus legislation.

Biden, in a statement announced by his office, said the latest report on the U.S. labor market, which showed significantly slowing job growth amid the coronavirus pandemic, “clinches we remain in the midst of one of the worst economic and jobs crises in modern history.”

“This is a grim jobs report. It pictures an economy that is stalling,” Biden said.

Jobs increased by 245,000 in November, well below the 440,000 wished by economists and a sharp drop from the 610,000 reported in October.

Biden’s statement noted that the “dire tasks report” offered only a snapshot of the situation in November, “before the surge in COVID cases and deaths in December as we lead into a dark winter.”

The U.S. on Thursday reported the most new infections, hospitalizations and single-day deaths of the entire pandemic — 217,664 new holders, more than 100,667 patients in hospitals, and 2,879 fatalities. And the nation’s top public health officials are warning that the circumstances will get worse.

CDC Director Dr. Robert Redfield warned Thursday that the next three months will be “the most ticklish in the public health history” of the U.S., with Covid outbreaks hitting every corner of the nation and threatening to overwhelm the mountains’s health-care system.

Biden, in his statement Friday, said Americans also face a looming economic crisis on top of the well-known health crisis if Congress and the Trump administration do not pass a stimulus deal by the end of the month.

“If Congress and President Trump naught to act, by the end of December, 12 million Americans will lose the unemployment benefits they rely on to keep food on the mothball and pay their bills. Emergency paid leave will end. The moratorium on evictions will expire. States and cities inclination lose vital tools they need to help pay for testing and public health workers to fight COVID, to safeguard children and educators safe in schools, and to provide assistance to keep small businesses alive,” Biden said.

But Biden revealed he was “encouraged” by progress being made on Capitol Hill, where congressional leaders are signaling “momentum” in the protracted pacts over an additional pandemic relief bill.

“In the weeks since the election ended, there were questions regarding whether Democrats and Republicans could work together. Right now, they are showing they can. Congress and President Trump be required to get a deal done for the American people,” Biden said.

Trump’s chief economic advisor Larry Kudlow, in a CNBC appraise Friday, said the fundamentals of the economy are strong despite jobs coming in lower than expected. He called for a targeted assistance plan to help Americans as the country prepares for the distribution of a coronavirus vaccine.

However, Biden said that “any include passed in the lame duck session is not enough. It’s just the start.”

“Congress will need to act again in January. As we acquire this economic crisis, Vice President-elect Harris and I are working on the plan we will put forward for the next Congress to start the ball rolling fast and control the pandemic, revive the economy, and build back better than before. And, we hope to see the same thoughtful of spirit of bipartisan cooperation as we are seeing today,” Biden said.

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