04 December 2020
Data: BLS. Chart: Axios Visuals
Friday's deeply disappointing jobs report should light a fire under Congress, which has dithered despite signs the economy is struggling to kick back into gear.
Driving the news: President-elect Biden said Friday afternoon in Wilmington that he supports another round of $1,200 checks.
Why it matters: Lawmakers need to pass a funding bill — which they plan to pair with a stimulus deal — by next Friday to avert a government shutdown.
- Today's jobs report: 245,000.
- Last month's jobs report: 610,000.
- 400,000 people dropped out of the labor force last month.
- America has 9.8 million fewer jobs than in February.
Between the lines: Republican and Democratic leaders are sounding more optimistic that Congress has a shot at passing coronavirus stimulus in the near future, reports Axios' Alayna Treene.
- But Treene tells me she feels like a broken record every time she has to warn there is still a lot of skepticism from lawmakers across Congress.
- The parties are still far apart on some of the package’s key priorities, mainly more money for state and local aid and widespread liability protections.
A promising sign: Many Senate Republicans who have balked at a high price tag for the deal, like John Thune and Lindsey Graham, said they are open to supporting the $908 billion framework rolled out by a bipartisan group of lawmakers earlier this week.
- Speaker Pelosi and Senate Minority Leader Schumer said they support the bill — despite months of insisting they wouldn’t agree to anything under $2.2 trillion.
The bottom line: 34.9% of the 10.7 million people unemployed in November were permanent job losses, noted S&P Global U.S. Chief Economist Beth Ann Bovino in an analyst email:
- "The harsh reality is that we don't expect the economy to regain all the 22.2 million jobs lost from the pandemic until first-quarter 2023."
Transcripts show George Floyd told police "I can't breathe" over 20 times
Section2Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.
Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.
The state of play: The transcripts were released as former officer Thomas Lane seeks to have the charges that he aided in Floyd's death thrown out in court, per the Times. He is one of four officers who have been charged.
- The filings also include a 60-page transcript of an interview with Lane. He said he "felt maybe that something was going on" when asked if he believed that Floyd was having a medical emergency at the time.
What the transcripts say:
- Floyd told the officers he was claustrophobic as they tried to get him into the squad car.
- The transcripts also show Floyd saying, "Momma, I love you. Tell my kids I love them. I'm dead."
- Former officer Derek Chauvin, who had his knee on Floyd's neck for over eight minutes, told Floyd, "Then stop talking, stop yelling, it takes a heck of a lot of oxygen to talk."
Read the transcripts via DocumentCloud.