Biden mocks 'the other guy' Trump during address on abysmal jobs report and beats fist bragging 'we're doing great'
JOE Biden mocked "the other guy" Donald Trump during an address about the abysmal August jobs report.
"I want to hold here for just a second – there have been so many records the stock market has hit under my presidency," he began.
"Imagine if the other guy was here," Biden said as he lowered his voice and turned on the podium.
"We're doing great," he mocked, beating his fist, "It's wonderful. The stock market is surging, it's gone up higher under me than anybody."
Breaking his character, a serious Biden concluded: "But that doesn't mean it's the best for the economy."
The number of Americans applying for unemployment benefits rose for the first time in five weeks even though the economy and job market have been recovering briskly from the coronavirus pandemic.
Jobless claims edged up by 4,000 to 353,000 from a pandemic low 349,000 a week earlier, the Labor Department reported on Thursday.
The four-week average of claims, which smooths out week-to-week volatility, fell by 11,500 to 366,500 — lowest since mid-March 2020 when the coronavirus was beginning to slam the United States.
The weekly count has fallen more or less steadily since topping 900,000 in early January as the rollout of Covid-19 vaccines has helped the economy — encouraging businesses to reopen or expand hours and luring consumers out of their homes to restaurants, bars and shops.
"We expect jobless claims to remain on a downward path as the labor market continues to recover, but progress will be more fitful as claims get closer to pre-pandemic levels," economists Nancy Vanden Houten and Gregory Daco of Oxford Economics said in a research note.
A resurgence of cases linked to the highly contagious Delta variant has also clouded the economic outlook.
On Friday, Biden said that there was no doubt that the variant is the reason the jobs report was so bad.
He added that he would lay out his administration's next steps to combat the Delta variant next week.
"We need to make more progress in fighting the Delta variant," Biden said.
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