Economic forecasters had predicted one million job gains in April. The actual results are “stunningly” and “unexpectedly” far below the expectations. The Bureau of Labor Statistics [SEE HERE] reveals only 266,000 jobs gained in April and downward revisions of March by -146,000. There are almost 7.4 million jobs available; however, despite the available jobs, no-one is going back to work.
Yes, JoeBama’s “free government money” has created the socialist utopia.
The politically correct economic analysts are shocked that minorities (blacks and latinos) are not going back to work; while ignoring the disincentive that government handouts have created in the JoeBama economy. The entire dynamic is ridiculous when you consider we should be entering a phase of the jobs economy where vaccination and COVID mitigation should be leading to massive reopenings of the economy overall.
Inside the numbers, the economic sectors showing the worst jobs recovery are directly related to the blue state shut-downs. Worse yet, there is an underlying scenario showing the economy is not growing despite the ability of businesses to re-open overall. That spells even more trouble.
(CNBC) – “Today’s report was an enormous surprise and shows the labor market hit a hidden pothole in April,” Glassdoor senior economist Daniel Zhao tells CNBC Make It. “Clearly, the labor market has decelerated quite a bit.”
The 6.1% unemployment rate and 9.8 million people unemployed remained steady in April compared with the months prior. (more)
There is no level of spin that can change the reality of this situation. JoeBama’s economic policies are exactly the wrong thing to be doing. Everything, and I do mean every single policy objective, delivered by this administration is AMERICA LAST!
Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1%. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%. CNBC’s Jim Cramer discusses what he thinks led to the surprising report.
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I work a 70 hour 8 day cycle- Im sick and tired of assholes sitting on thire asses getting a check- and that goes double for those teachers that are terrified to go back to school because of a sham China Pox Bug.But they have no problem going to Disney World or the Caribbean. All of them should live like I do- no work no pay!
Im with you
That is my take too — Obama/Soros has things going along as planned — America must be brought to her knees, submissive, controlled. I do hope there are those members/citizens who will not allow this to happen. I am seeing some glimmer of hope in the Arizona audit, in multiple state changing their election rules to safeguard elections, 5 states have ruled against outside money such as Zuckerberg dropped all over in 2020 for election boards. There is still time left to clean this up, but the “wick is growing shorter”.
Biden’s Job Numbers are SO BAD That CNBC Reporter Thinks They Can’t be Real
https://rumble.com/vgnycf-bidens-job-numbers-are-so-bad-that-cnbc-reporter-thinks-they-cant-be-real.html?mref=2h723&mc=6tvdd&fbclid=IwAR27n3gAUVAmrmNfk3HpDPTJJPrssJ5bO-dMpE_RYTFucZXbgdFEkUz61ks
Only took 100 days for His Fraudulency II to return us back to the Obozo era of failure. Impressive……in a pathetic kind of way.
“So what are we going to do today Brain [Joe]?
Same thing we do every day, Pinky [Kamala], World Domination!”
Notice how the market reacted to this news? … Straight up, almost 300 points, proving once again that Wall Street is completely and utterly disconnected ffrom the real American economy.
Gee, who could have possibly predicted that giving people more money for doing nothing than they can earn working their service job could have detrimental consequences?
The open borders invasion of criminals and low skilled parasites will certainly help this
SO, they lied about February & March?
No surprise there. The Oh? did it ALL THE TIME. Every time he opened his fat piehole.