Economy

Joe Biden addresses unemployment insurance after April jobs report

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US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021.

Nicholas Kamm | AFP | Getty Images

President Joe Biden on Monday urged U.S. companies to boost pay for workers as he outlined the steps his administration is taking to spur hiring after disappointing job creation in April.

The president said his administration will distribute more of the coronavirus relief funds included in Democrats’ $1.9 trillion aid plan as reopening businesses search for employees.

The federal government will start allowing state and local governments to apply for part of a $350 billion relief pool, push to streamline…



Source cnbc.com

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