For Friday August, 3rd, 2021, President Biden has received his daily brief. He’s probably, maybe, already, offered remarks on the August Jobs Report. He will depart D.C., to travel to Louisiana to survey the damage left in the wake of Hurricane Ida.
I will be honest, Jobs Report Friday’s or what I like to call the day everyone pretends the President is solely responsible for economic growth, good or bad day, is my least favorite Friday; I have an internal struggle; to post early to share President Biden’s remarks or to not post early to share President Biden’s remarks?
I typically skip rushing to post in time for his remarks, because he’s usually late anyway, the remarks run typically 3-10 minutes, not worth the stress.
For August total nonfarm payroll rose by 235,000 jobs, and unemployment declined by 0.2 percentage point to 5.2 percent.
This has the “economist” playing Eeyore on Twitter and probably cable news because they had predicted about a 725,000 jobs added. I won’t lie, it’s not a stellar report, also, it shouldn’t be unexpected that a rise in covid-19 cases causes a decline in the economy. Not the whole problem *cough* tariffs *cough*, but over July and August, the virus spike happened and job growth slowed.
I'm going to have to drill down on this further, but it appears this is primarily due to a decline in people holding multiple jobs (which are counted in the payroll survey but not the household survey). Will circle back to this later today.— Ben Casselman (@bencasselman) September 3, 2021
I’m including a take that says the Delta variant is less responsible than I feel for the economic growth slowdown.
I should add, this is "striking" but I can't decide if it is good (economy continues to make progress, albeit slower than we might have liked) or bad (people continue to spread the virus at a growing cost in lives).— Jason Furman (@jasonfurman) September 3, 2021
President Biden has not tweeted so far for Friday; This is likely to change.
When Biden Bits was published President Biden had tweeted 5 times. He added 6 tweets giving him a Thursday Tweeting Total of 11 tweets and 0 retweets.
Five of his six tweets focused on his remarks yesterday regarding the Biden Administrations response to Hurricane Ida and wildfires.
The YouTube video is 17 minutes and 18 seconds long. His full remarks can be found here.
President Biden (1:16): And I want to express my heartfelt thanks to all of the first responders and everyone who’s been working through the night and well into this morning to save lives and get power back. There’s lot of damage, and I made clear to the governors that my team at the Federal Emergency Management Agency — FEMA — is on the ground and ready to provide all the assistance that’s needed.
President Biden (1:55): And last night, at the request of California Governor Newsom, I approved an emergency declaration for California for the — for the Caldor Fire, which is burning aggressively toward Lake Tahoe Basin and into Nevada. It’s also one of few fires that has ever burned from one side of the Sierra-Nevada mountain range to the other. So far, it’s burned more than 200,000 acres. Tens of thousands of people have been — had to evacuate their homes. The fire is threatening close to 35,000 structures. And more than 4,400 firefighters from the state and my federal team are working to contain and suppress this raging wildfire.
President Biden (15:31): And to the country: The past few days of Hurricane Ida and the wildfires in the West and the unprecedented flash floods in New York and New Jersey is yet another reminder that these extreme storms and the climate clisis [sic] — crisis are here. We need to do — be much better prepared. We need to act. When Congress returns this month, I’m going to press for their action on my Build Back Better plan. That’s going to make historic investments in electrical infrastructure, modernizing our roads, bridges, our water systems, sewer and draining systems, electric grids and transmission lines, and make them more resilient to these superstorms and wildfires and floods that are going to happen with increasing frequency and ferocity.
President Biden (16:56): So, for all those who are still in harm’s way, all those struggling to deal with the aftermath of these storms and fires, I say: God bless you. Keep the faith. Everyone working day and night to look out for their fellow Americans is what this is about. And we’re going to get this done.
This tweet is only kind of related to his remarks:
President Biden (6:37): I get hourly updates on the progress from FEMA, well into the night, and we’ll be working around the clock until the critical needs of the region are fully met. And we will meet them. Even as we tackle the core elements of the disaster response, we’re also deploying new tools to help speed this recovery –- things that have not been used very much in prior hurricane responses.
He issued one tweet promoting people to continue to get vaccinated.
As predicted he has tweeted for Friday.
The White House will post a transcript later today.
The daily press briefing will be in the form of a press gaggle on Air Force One. Sometimes the audio only feed posted by the White House, breaks, disappears only to reappear later. Right now, one exists so I’m gonna share it.
This is an Open Thread.
Happy Labor Weekend everyone!