Politics

After Unemployment Numbers Drop, Pelosi Stresses Urgent Need for Stimulus

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) used Augusts jobs report and the relatively high 8.4 percent unemployment rate to push for more pandemic stimulus measures, coming weeks after talks between Democrats and the White House stalled.

Pelosi, Schumer, and White House officials are expected to meet for negotiations later this month when members of Congress return to Washington after their break.

A recent jobs report from the Department of Labor revealed that the U.S. unemployment rate dropped to 8.4 percent in August from 10.2 percent in July and well below expectations of 9.8 percent. Non-farm payrolls increased by 1.37 million in August, suggesting that the economy is continuing to climb out of the doldrums caused by the CCP (Chinese Communist Party) virus pandemic.

The drop may have been, in part, spurred along by the ending of extended $600-per-week federal unemployment payments. That program ended on July 31.

In a statement on Friday, Pelosi wrote that the report and unemployment rate “highlights the continuing urgent need for action as the economic recovery stimulated by Congresss early and robust investments continues to slow down.”

She added, “More than six months into this crisis, tens of millions are still out of work, particularly in communities of color, with more than 1 million Americans having filed for pandemic and initial unemployment claims for 24 straight weeks.”

Schumer, meanwhile, criticized President Donald Trump after he touted the U.S. economic recovery on Twitter, saying that “8.4% unemployment is nothing to brag about.”

8.4% unemployment is nothing to brag about. https://t.co/2HPkedFLy5

— Chuck Schumer (@SenSchumer) September 4, 2020

Negotiations between Pelosi, Schumer, and White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin broke down early last month. The key sticking points were whether to provide nearly $1 trillion in federal aid to state and local governments as well as how much in unemployment benefits should be provided. Initially, Democrats in the House passed a nearly $3.5 trillion bill that Senate Republicans said would never cleRead More From Source

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