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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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1 posted on 05/07/2021 6:07:58 AM PDT by Red Badger
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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.")
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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
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To: dynachrome

First to say UNEXPECTED!


4 posted on 05/07/2021 6:11:03 AM PDT by themidnightskulker (And then the thread dies... peacefully, in it's sleep....)
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How unexpected


5 posted on 05/07/2021 6:11:23 AM PDT by dsrtsage (Complexity is merely simplicity lacking imagination)
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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.)
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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.)
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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!!!)
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To: Red Badger

Money for Nothin’


9 posted on 05/07/2021 6:13:30 AM PDT by gathersnomoss (LIVE FREE OR DIE)
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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)
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To: Red Badger

Captain of the Titanic: That’s right. I said OPEN all watertight doors!


11 posted on 05/07/2021 6:14:15 AM PDT by Empire_of_Liberty
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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. )
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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)
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To: Red Badger

“WORK?”

Maynard G. Krebs


14 posted on 05/07/2021 6:17:00 AM PDT by Huskrrrr (Pronouns? I need no stinkin pronouns!)
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To: All

Who would be surprised by this ?


15 posted on 05/07/2021 6:17:07 AM PDT by escapefromboston (Free Assange )
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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)
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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
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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!!!)
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To: Empire_of_Liberty

Captain of the Titanic: And for the children just brought on board, families will reunite on the Lido deck!


19 posted on 05/07/2021 6:21:51 AM PDT by Empire_of_Liberty
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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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