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Reproduced from Homebase; Chart: Axios Visuals 

President-elect Joe Biden is building an economic team to deal with a post-COVID economic free fall, and a jobs report coming out Friday — expected to show reduced hiring last month — is anticipated to give that group a preview of coming attractions.

Why it matters: Biden's economic advisers are worried any failure to inject money into the economy now will only multiply their challenges once they take office, but President Trump remains fixated on litigating his election loss.

Between the lines: Data from Homebase, which manages digital timecards for 100,000 small businesses and is monitored by Trump's Council of Economic Advisers, could show hiring down to pre-summer levels.

  • Biden's team has always contemplated the need for lame-duck stimulus but there has also been concern that it could crowd out his $3 trillion "Build Back Better" plan.
  • Many Democrats worry that if Senate Majority Leader Mitch McConnell agrees to any additional relief this month, he'll be hesitant to open the checkbook again next year.

But, but, but: Some Democrats close to Biden argue that the immediate dangers — from a potential eviction crisis to food insecurity — grow with every day of inaction.

  • While Biden fully endorsed House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer's stimulus effort this week, he said on CNN that it would just be a "start."
  • “We are going to need more,” he said. “I am going to have to ask for more.”

The bottom line: As in the beginning of the Obama administration, the Thursday nights before a jobs report will be tense in the White House. That is when Cecilia Rouse, Biden's choice to lead the Council of Economic Advisers, will give him a memo breaking down the next day's press release.

Go deeper

Emhoff highlights food insecurity on first outing as second gentleman

Second Gentleman Doug Emhoff (right) speaks with volunteers of the nonprofit Dreaming out Loud at a farm in Northeast Washington on his first solo outing. Photo: Nicholas Kamm/Pool/AFP via Getty Images

Vice President Kamala Harris' husband Doug Emhoff used his first official outing as second gentleman Thursday to learn about and raise awareness for food insecurity, Washington Post reports.

Why it matters: The farm that Emhoff visited at Washington, D.C.'s Kelly Miller Middle School has shifted its focus during the COVID-19 pandemic to help get food to people who are vulnerable to hunger. "Food security is a racial justice issue," said Christopher Bradshaw, executive director of Dreaming Out Loud, the nonprofit that runs the farm.

Dan Primack, author of Pro Rata
29 mins ago - Economy & Business

The great venture capital resignation

Illustration: Rae Cook/Axios

A growing number of top VCs are calling it quits, long before typical retirement age.

Between the lines: Generational turnover isn't new for venture capital, but in the past it's been born of lean times. What we're seeing now is the byproduct of unprecedented success.

Top economic regulators stressed by vacancies

Illustration: Annelise Capossela/Axios

The boom times are all around us (from corporate deal sprees to the breakneck rise of cryptocurrency) — and the agencies in charge are stretched thin trying to police it.

Why it matters: Overwhelmed staff and a slew of vacant posts could set back President Biden's big regulatory agenda.