Q: layoffs rose to 1.8M highest level since 12/2020, you’ve misjudged how serious First Republic is

Q: layoffs rose to 1.8M, highest level since 12/2020 A: economy indeed growing & employers hiring

On 5/2/2023, a reporter asked White House press secretary Karine Jean-Pierre, “So, on the JOLTS report today, the economic news. So the number of layoffs and discharges rose to 1.8 million, and that’s the highest level since December of 2020. You know, how many layoffs is the President comfortable with without a growing concern about the number of companies that are shedding jobs?

KJP: So let me just look at the JOLTS and give the JOLTS openings report just a more broad- — broader scope here so we can give the American people an understanding of what the — what the — what the — what the report showed … our economy is indeed growing, and employers are hir- — hiring. And you have to look at it in its full scope here …

Jean-Pierre Claims Real Wages Are Higher, But They’ve Fallen At Fastest Pace In 40 Years Under Biden

Reporter: But the layoffs have been increasing as — from companies — from a wide range of companies.

KJP: But, look, I just laid out the data, what we’ve seen. Even as layoffs remain low — it still remains low … We’re seeing real wages — real wages and — are higher than they were just nine months ago. So you have to actually look at all the data points to see where we are more broadly as an economy. I’m going to move around.

Reporter: Just one quick one on banking, if I could.

KJP: I’m going to move around.

Q: you’ve misjudged how serious First Republic is? A: under FDIC purview, banking system safe

Reporter: Can I just ask you about First Republic? We’ve seen a huge response in the market today. Regional bank shares are down pretty significantly, 20 percent — over 20 percent. Is there a sense that you’ve misjudged how serious the situation is? First Republic was deemed to be not systemic, but the market does seem to be thinking there is systemic risk. You know, is there something that you could do now with the President? Would it make — would it — would it — are you considering having the President come out and speak about what’s happened —

KJP: So —

Reporter: — to try to, you know, reassure markets and people?

KJP: … I think we went back and forth on this just last Thursday, and I mentioned how, you know, this is something that the — that the FDIC is monitoring; this is under their purview. We have the tools necessary to keep our banking system safe

Karine Jean-Pierre Won’t Say Why Biden Won’t Acknowledge The Existence Of His Seventh Grandchild

Reporter: I wanted to ask about the trial going on in Arkansas with Hunter Biden and the child support. Are the President and First Lady monitoring that? And how come they haven’t acknowledged the seventh grandchild?

KJP: I’m not going to speak to that from here.

Reporter: Why not?

KJP: Go ahead. Go ahead.

Q: most pro-union President in history but why can’t you speak about ongoing strike? A: nothing new

Reporter: President Biden says that he’s the most pro-union President in history. How do you square that with the fact that he is not openly offering support to the striking writers in Hollywood?

KJP: Well, because it’s an ongoing strike. And you’ve heard us say many times before, we don’t speak to an ongoing strike …

Reporter: Why can’t you speak about an ongoing strike?

KJP: I mean, we —

Reporter: Is that a — why is a policy?

KJP: Look, I — look, this is something that we’ve done continuously now. This is nothing new that has been said from this podium.

Jean-Pierre Refuses To Comment On CIA Director William Burns’ Meeting With Jeffrey Epstein In 2014

Reporter: Thanks, Karine. Does President Biden have any reaction to CIA Director William Burns meeting with Jeffrey Epstein in 2014? This obviously was after Epstein had served time for a sex crime and was registered as a sex offender.

KJP: I’m just not going to comment on that from here.

Allergies are bad this year

(A White House staffer sneezes.)

KJP: Bless you. (Laughter.) Phil.

Reporter: It wasn’t me!

KJP: Sorry, was it — was it you?

Reporter: It wasn’t me!

KJP: Who was it?

Reporter: Oh.

KJP: Oh, I’m so sorry. (Laughter.) Here I am calling you out, and it wasn’t even you.

Gesundheit. Bless you.

Go ahead.

Reporter: Allergies are bad this year.

KJP: Oh my gosh, the pollen is quite something.

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Q: layoffs rose to 1.8M highest level since 12/2020, you’ve misjudged how serious First Republic is