It’s Friday aka in 7 days I will return to the Happiest Place on Earth!
For Friday, November 5th, 2021, President Biden will have received his daily brief. President Biden will have also offered remarks on Octobers Jobs Report. At noon President Biden and First Lady Dr. Jill Biden will attend the funeral of General Colin Powell. Later this afternoon President Biden will travel to his home beach house in Delaware.
From Octobers Jobs Report:
[snip]
Total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, with notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and in transportation and warehousing. Employment in public education declined over the month.
[snip]
The change in total nonfarm payroll employment for August was revised up by 117,000, from +366,000 to +483,000, and the change for September was revised up by 118,000, from +194,000 to +312,000. With these revisions, employment in August and September combined is 235,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
BLS.gov. 11/05/2021.
He has way more chart breakdowns in the thread I shared.
President Biden has tweeted 4 times so far for Friday…
See everything above the tweet…
The YouTube video is not currently available.
The tweeted text was said during his remarks. There will be more probably soon or maybe Monday… *shrug*
When Biden Bits was published for Thursday, President Biden had tweeted 2 times. He added 4 tweets giving him a Thursday Tweeting Total of 6 tweets and 0 retweets.
On Thursday, the Labor Department announced that; The emergency temporary standard covers employers with 100 or more employees – firm or company-wide – and provides options for compliance. The ETS also requires employers to provide paid time to workers to get vaccinated and to allow for paid leave to recover from any side effects.
The White House fact-sheet can be found here.
President Biden’s statement from Thursday can be found here.
The Federal Register information on the new rule can be found here.
The long and short of it from the Federal Register; (ii) Employers must comply with the requirements of this section in paragraph (g) by January 4, 2022, but employees who have completed the entire primary vaccination by that date do not have to be tested, even if they have not yet completed the 2-week waiting period.
On Tuesday President Biden announced the Prescription Drug Pricing Plan in the Build Back Better Framework…
The highlights from the plan: (I just removed the intro) 🙂
Finally let Medicare negotiate drug prices. Medicare will negotiate prices for high-cost prescription drugs. This will include drugs seniors get at the pharmacy counter (through Medicare Part D), and drugs that are administered in a doctor’s office (through Medicare Part B). Drugs become eligible for negotiation once they have been on the market for a fixed number of years: 9 years for small molecule drugs and 12 years for biologics. Medicare will negotiate up to 10 drugs per year during 2023, with those prices taking effect in 2025, increasing to up to 20 drugs per year.
The policy will establish a clearly defined negotiation process that is fair for manufacturers, and gets the biggest savings on drugs that have been on the market a long time. This discourages drug companies from abusing laws to prolong their monopolies, while encouraging investments in research and development of new cures. Drug companies that refuse to negotiate will owe an excise tax.
Impose a tax penalty if drug companies increase their prices faster than inflation. Starting when this bill becomes law, future drug price increases will be compared to their current prices. We will finally put an end to the days where drug companies could raise their prices with impunity. If prices for a drug increase faster than inflation, manufacturers will owe a tax penalty, holding down prices for Americans with all types of health insurance.
Directly lower out-of-pocket costs for seniors. Today, there is no cap on how much seniors and people with disabilities have to pay for drugs, and millions of seniors pay more than $6,000 a year in cost-sharing. This proposal puts an end to this burden, and ensures that seniors never pay more than $2,000 a year for their drugs under Medicare Part D.
White House.gov. 11/02/2021.
The plan will also lower insulin prices so that Americans with diabetes don’t pay more than $35 per month for their insulin. Lawmakers have also agreed to lower seniors’ cost-sharing for all types of drugs and they are working expeditiously to finalize legislative text that will save seniors money at the pharmacy counter without increasing premiums.
Thursday the White House released the following statement:
Today we learned that, for the fifth consecutive week, initial unemployment claims are down. The number of people newly filing for unemployment has now fallen to the lowest level since the pandemic started — dropping from an average of 833,000 Americans in the week before I took office to fewer than 285,000 Americans today, for a decline of nearly 70 percent.
As COVID-19 cases and unemployment claims continue to decline — and as jobs and wages continue to rise — it is clear that America is in the midst of an historic economic recovery, unique across the world. We still have much left to do to finish that recovery and build back better, but today’s news is further evidence that we are making strong and steady progress.
White House.gov. 11/04/2021.
The daily briefing is scheduled for 2:30 p.m. D.C., time.
This is an Open Thread.
