He went on: “And remember that what makes an economy great is a combination of the capital assets of the economy and the people who run it. And if you erode the human skills that are involved there, there is a real and in one sense an irretrievable loss.”

The “silver lining” to the jobs report, he said, is that after the collapse of Lehman Brothers last year and a plunge in stock markets, businesses laid off too many people in anticipation of a drastic slowdown in the economy. Some of those jobs will have to be restored.

“At some point we’re going to start to see an improvement in employment,” he said.

Alan needs to have a chat the "plugs" Biden on all those
"saved" or "created" jobs the administration promised.