BREAKING: April jobs report falls far short of Biden's target

As the report was released, The New York Times opined that "You really shouldn't care about a president's first 100 days."

ADVERTISEMENT
Image
Libby Emmons Brooklyn NY
ADVERTISEMENT

The April job report is in, and the numbers of new hires gained is far below what the administration were hoping for.  April added 266,000 to nonfarm payrolls, according to Reuters. The administration was looking for more than 700,000.

The administration was looking to gain 2 million jobs during the first 100 days in office, and this report demolishes those hopes.

CNN called it "a giant miss" for Biden. Reuters economists had "forecast payrolls advancing by 978,000 jobs."

The administration has made gains in the first quarter, but that's after a pandemic year that saw more than 22 millions jobs lost over the span of just two months, where unemployment reached "the highest level since the Great Depression of the 1930s in April last year."

Fox Business and CNN were in agreement. "We've got a big miss on this report," Fox reported. "A big miss to tell you about here."

"We were looking for 978,000 jobs, and we came in at 266,000 jobs... and the Dow is falling on this news."

As the economy pushes to reopen, many employers are struggling to find workers. This has led Governor Ron DeSantis of Florida and South Carolina's Governor Henry McMaster to pull back on unemployment benefits to urge people to go find work and contribute to the economy.

"New claims for unemployment benefits have dropped below 500,000 for the first-time since the pandemic started," Reuters reports. Though the unemployment rate increased in April to 6.1 percent from 6 percent in March. Current unemployment benefits are set to last through the summer.

As the report was released, The New York Times opined that "You really shouldn't care about a president's first 100 days."

Instead, Greg Weiner writes, "The 100 days are in many ways a contrivance of pundits. They create opportunities for commentary and reporting. That is harmless as far as it goes. The dash to the 100-day finish line becomes more problematic when politicians act as if it actually mattered, as they now universally do."

ADVERTISEMENT
ADVERTISEMENT

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me next month

To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2024 The Post Millennial, Privacy Policy | Do Not Sell My Personal Information