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The April jobs report shocks as 266,000 payroll additions badly miss the forecast of 1 million
https://www.businessinsider.com ^
| Ben Winck and Madison Hoff 18 minutes ago
Posted on 05/07/2021 6:07:58 AM PDT by Red Badger
The US economy added 266,000 jobs in April, a huge miss of the median estimate of 1 million new payrolls.
The unemployment rate rose to 6.1% from 6%, while economists had expected it to drop to 5.8%.
The payrolls increase marks a fourth straight monthly gain, but the smallest since January.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: bidenomics
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To: Red Badger
I know! Let’s keep paying people not to work!/s
2
posted on
05/07/2021 6:10:00 AM PDT
by
dynachrome
("I will not be reconstructed, and I do not give a damn.")
To: Red Badger
Failing to see how this “shocks” anyone to be honest given most know and identify the culprit: Extended unemployment benefits........
3
posted on
05/07/2021 6:10:18 AM PDT
by
cranked
To: dynachrome
4
posted on
05/07/2021 6:11:03 AM PDT
by
themidnightskulker
(And then the thread dies... peacefully, in it's sleep....)
5
posted on
05/07/2021 6:11:23 AM PDT
by
dsrtsage
(Complexity is merely simplicity lacking imagination)
To: Red Badger
What idiots projected a million new jobs with the leftards in charge?
6
posted on
05/07/2021 6:12:44 AM PDT
by
dsc
(Tu ne cede malis, sed contra audentior ito.)
To: Red Badger
Shocked....shocked I tell you. 😱
7
posted on
05/07/2021 6:13:11 AM PDT
by
Pajamajan
( PRAY FOR OUR NATION. I will ever be a peaceful slave in a new Socialist America.)
To: Red Badger
When you pay people more not to work, what fool is going to lose time and money?
8
posted on
05/07/2021 6:13:16 AM PDT
by
Nathan _in_Arkansas
(Shut the deuce up!!! I'll do the fighting!!!)
To: Red Badger
9
posted on
05/07/2021 6:13:30 AM PDT
by
gathersnomoss
(LIVE FREE OR DIE)
To: Red Badger
So we’re back to the ‘revised downward’ numbers like from the Odumba$$ administration?
10
posted on
05/07/2021 6:13:52 AM PDT
by
Mr. K
(No consequence of repealing obamacare is worse than obamacare itself)
To: Red Badger
Captain of the Titanic: That’s right. I said OPEN all watertight doors!
To: Red Badger
We are definitely in a low-wage job boom. Everywhere here in Northern Colorado are HELP WANTED signs for minimum-wage or near-minimum wage unskilled blue and white collar work. (Around $15/hr)
Yet career-level skilled blue and white collar workers remain long-term unemployed.
12
posted on
05/07/2021 6:14:20 AM PDT
by
Starcitizen
(So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
To: Red Badger
Suppressing job creation like that, under current conditions, is hard to do.
13
posted on
05/07/2021 6:16:08 AM PDT
by
lepton
("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
To: Red Badger
14
posted on
05/07/2021 6:17:00 AM PDT
by
Huskrrrr
(Pronouns? I need no stinkin pronouns!)
To: All
Who would be surprised by this ?
To: Mr. K
Except instead of revised -7%, this is -70%. Ten times worse than Obamao.
16
posted on
05/07/2021 6:17:33 AM PDT
by
ProtectOurFreedom
(“No man’s life, liberty or property are safe while the Legislature is in session" - Gideon J. Tucker)
To: Red Badger
What I’m seeing so far in Dow futures, Wall Street isn’t surprised.
17
posted on
05/07/2021 6:19:11 AM PDT
by
albie
To: Red Badger
$15 per hour X 40 hours = $600
Unemployment: 300 + 350 per week= $650
Why waste time working?
How was this unexpected? Only idiot leftists who know nothing of economics thought Vegetable Joe and friends would result in anything different.
18
posted on
05/07/2021 6:19:45 AM PDT
by
Nathan _in_Arkansas
(Shut the deuce up!!! I'll do the fighting!!!)
To: Empire_of_Liberty
Captain of the Titanic: And for the children just brought on board, families will reunite on the Lido deck!
To: Red Badger
If they are telling us we only added 266,000, you KNOW it’s even worse than that.
20
posted on
05/07/2021 6:22:10 AM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
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