Biden: Economy on road to recovery since financial crisis

Vice President Joe BidenJoe BidenBiden lead shrinks, Sanders and Warren close gap: poll Biden allies: Warren is taking a bite out of his electability argument Budowsky: Donald, Boris, Bibi — The right in retreat MORE touted the recent jobs report during the White House's weekly address on Saturday. 

Biden, filling in for President Obama who is traveling overseas, said that the recent jobs data released on Friday was an indication of how much the country has improved since the 2008 collapse. 


"Yesterday’s jobs report was another reminder of how far we’ve come. We’ve had 54 straight months of job creation," Biden said. "And that’s the longest streak of uninterrupted job growth in the United States’s history."

While the unemployment rate fell to 6.1 percent on Friday, the economy only added 142,000 jobs last month -- the worst showing of the year, the Bureau of Labor Statistics reported. 

Biden said that there's still a long way to go, but painted a picture of recovery. 

"We’ve gone from losing 9 million jobs during the financial crisis to creating 10 million jobs," Biden added. 

To help the middle class, Biden reiterated the administration's calls to reform the corporate tax code. 

"It’s time to have a fair tax structure, one that value paychecks as much as unearned income and inherited wealth, to take some of the burden off of the middle class," Biden said. 

On Monday, Secretary Treasurer Jack Lew is expected to unveil new guidelines aimed at closing corporate tax loopholes, commonly called "corporate inversions."