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Watch Live: Biden Delivers Remarks on April's Huge Jobs Miss

Jonathan Ernst | Reuters

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President Joe Biden is scheduled to deliver remarks about Friday's jobs report, which showed hiring levels in April falling wildly below expectations.

Nonfarm payrolls that month rose by 266,000, a fraction of the 1 million-plus job adds that Wall Street anticipated.

The unemployment rate rose to 6.1%, its first uptick since April 2020, when coronavirus-induced lockdowns first battered the economy.

The disappointing report comes as the Biden administration pitches the nation on a pair of massive, multitrillion-dollar spending plans aimed at lifting the U.S. out of the pandemic and overhauling the economy.

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