JUST IN; Unemployment Rate INCREASES, Numbers ‘Way Worse Than Expected’.
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The economy appears to be struggling under President Joe Biden, according to new jobs report that was released on Friday morning.
- BLOOMBERG: The numbers are out, and on the top line they are way worse than expected. Something seems very off: only 266,000 jobs created in April, and the unemployment rate ticked up to 6.1%, according to the report.
- CNBC: 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% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.
SOURCE – DAILYWIRE