Biden Economy: Jobs Report Misses Expectations by a Mile, Unemployment Rate Ticks Up
The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose to 6.1%, according to Department of Labor data released Friday.
Total nonfarm payroll employment increased by 266,000 in April, badly missing the one million new jobs expected by economists according to The Wall Street Journal.
The jobs miss is even more unsettling as employers say they are struggling to find workers due to Democrats’ enhanced unemployment benefits that pay people more to sit home than to work.
The jobs miss is one of the worst since the beginning of the pandemic and Democrat-favored lockdowns that destroyed a vibrant economy.
Biden delivered a speech Friday in which he attempted to spin the miss as a win for his administration showing that Democrats’ massive stimulus is working.
Let Biden stay in office, even though he cheated. I mean, what could possibly go wrong?
Expectations are always high for Democrats in office, and more often than not are revised downward as all numbers come in. Exact opposite is with Republicans. Remember Trump? Every time real numbers were revised upwards, fake news intentionally had low expectations of him.
hahahahaha That’s a good one!
It shows the difference between a President that is working for the citizens our county and one that is out to satisfy foreign countries over ours… Last year we were 100% energy sufficient from our own resources this year we closed the pipe line down causing major unemployment, and he is buying from foreign countries again our fuels which has dramatically risen in price since he took over… In our area gasoline has risen 88 cents a gallon..When you work for your country good things happen when you work to satisfy big foreign money your country starts to fall apart as we are seeing now! Trump created new jobs Biden is killing them in favor of union jobs that haven’t happened.