Economy falls far short of expectations with just 266,000 jobs in April, unemployment rate rises to 6.1%


stock market crash bear economy worthy ministries 2

(Worthy News) – The economy added far fewer jobs than expected in April, just 266,000, and the unemployment rate rose slightly to 6.1%, the Bureau of Labor Statistics reported Friday.

The jobs numbers indicate that the pandemic recovery is not proceeding nearly as fast as was hoped. Forecasters had anticipated that the economy would add nearly 1 million nonfarm payroll jobs and that the unemployment rate would drop from March’s 6% down to 5.8%.

“This might be one of the most disappointing jobs reports of all time,” said Nick Bunker, who leads North American economic research at the Indeed Hiring Lab. “The labor market needs to gain 8.2 million jobs to put us back where we were pre-pandemic, not accounting for the jobs that would have been created if the pandemic never happened. Every month job gains don’t accelerate puts us further behind.” [ Source: Washington Examiner (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News