Posted on 05/08/2021 7:05:19 PM PDT by E. Pluribus Unum
The latest economic numbers were so bad…
How bad were they?
They were so bad that Steve Liesman of CNBC thought they were wrong and had to double-check the numbers.
Experts had predicted that roughly a million Americans would be added to the payrolls in April, so when the numbers were published by the Department of Labor, Liesman hesitated to read them.
“It looks like 266,000, but maybe I have that wrong, let me double-check the bureau website here … Yes, 266 is correct. Unemployment changed to 6.1%. So we have some issues here.”
Ouch. While most people acknowledge how bad the number were, Joe Biden tried (and failed) to spin the latest numbers in a positive light.
“Quite frankly, we are moving more rapidly than I thought we would.” Biden claimed. “This morning, we learned that our economy created 266,000 jobs in April.”
“Today, there is more evidence that our economy is moving in the right direction, but it’s clear we have a long way to go,” he added.
(Excerpt) Read more at pjmedia.com ...
[Experts had predicted that roughly a million Americans would be added to the payrolls in April]
1,000,000 / 266,000.
Probably just the same in cursive and stuff. How’s Wall Street gonna spin this one?
Well... he wants to be Jimmy Carter’s second term. Looks like he might get his wish.
Just wait a couple hours at about 3 AM 600,000 more jobs will be added.
I couldn’t believe the numbers, I too thought it was a mistake. Well, here we are. Good grief!
I see what you did there. I wonder if Dominion is responsible for the jobs numbers.
People are getting paid to stay at home. So why would they apply for jobs?
Biden: “The chocolate ration has been increased from 40 grams to 20 grams.”
unexpected
See they all believe this admin wants the economy to get better.
No no no
They are wanting it to crash
They are saying its going slowly in the right direction but will take awhile, to destroy it
The DNCCC has managed to turn this economy around in 3 mos.
Red states that are open can’t find employees for open positions. Blue states still in some form of lockdown can’t find businesses who can afford to hire. Which part of this is so complicated?
Plus people like me who are still angry the election was stolen refuse to do any unnecessary spending, which would only help the Biden economy.
No explanation by Biden of what the administration considers "the right direction" to be.
More like Barack Obama’s third term.
My youngest son who graduated a year ago with dual bachelor’s degrees in Computer Science and Electrical Engineering cannot find a job.
He has saturated and updated his resume in every known Job Search Engine known to man and doesn’t even get an email enquiry or a single phone call.
He attended a well know accredited University and graduated with a high Cum Laude GPA. He has been earning a meager living driving for Uber. He thought he would separate himself from the crowd by investing in a dual-degree program. So far, all that has accomplished is increasing his student loan debt.
Wall Street is going to hivgh five itself because bad jobs numbers = Low interest rates to “stimulate the economy”.
Too bad this time, the low employment was teh result of government policies and had zero to do with a lack of “stimulation”, unless by Stimulation, the government means buy everyone $12 Big Macs.
Why would the same people who lied about the election start telling the truth about our putrid economy?
Seem to recall that Liesman worked at one time for a Moscow newspaper before the fall of the Soviet Union.
And in the interest of state economy and manufacturing efficiency the weight of the double wrap cardboard and aluminum foil wrappings is hereby mandated to be included in the total weight.
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