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The US added only 266,000 jobs in April at the anniversary of the worst job loss for any month on record. This was far less than forecasts of economists. The unemployment rate rose to 6.1% in April, up from 6% a month earlier. @ChristineRomans reportshttps://t.co/7mfdh9m3An pic.twitter.com/QiFXj03Idw
— New Day (@NewDay) May 7, 2021
THREAD. Don't obsess about the shocking April jobs report. It just means that pandemic recovery has a long way to go. The labor market is weak, not tight. Expect millions of workers to come off the sidelines in the months ahead.
— Michael R. Strain (@MichaelRStrain) May 7, 2021
My column: https://t.co/EOTnwpQu1V @bopinion
Fin/ The fundamentals of the labor market are weak. But the experience of employers, along with rising wages, will continue to lay a veneer of tightness atop a weak foundation until worker supply issues resolve. Until then, buckle up.
— Michael R. Strain (@MichaelRStrain) May 7, 2021
My column: https://t.co/EOTnwpQu1V @bopinion
A Virus ? that shut down country for over a year, perpetuating government dependence and this is a surprise?
— ATX Patriot (@ATX_PATRIOT) May 7, 2021
Jobs report April 2021: Hiring boom goes bust https://t.co/WmMjIERWuy
The U.S. added 266,000 jobs in April, falling well short of the 1 million expected. https://t.co/CeZRafLZpD pic.twitter.com/tT1zj3r5Hn
— CNBC (@CNBC) May 7, 2021
This seems at odds with everything else we're seeing. But do you really want to keep arguing that the Biden stimulus is excessive? https://t.co/eqMq2Ml03g
— Paul Krugman (@paulkrugman) May 7, 2021
Many local employers simply cannot find people to fill available jobs. It turns out, when you pay people more to stay at home, they do not want to work. President Biden’s policies and proposed tax hikes are not the pro-growth solutions we need. https://t.co/9Y5j03gWas
— Rep. Lloyd Smucker (@RepSmucker) May 7, 2021
This is what I warned about months ago and again last week when I spoke on the Senate floor about paying people more not to work. https://t.co/WJ6JdzaGnX
— Sen. James Lankford (@SenatorLankford) May 7, 2021
And Biden is pushing tax hikes. We’re paying people not to work. Major blue state population centers are still locked down. We know how this story ends. This is destruction on purpose. https://t.co/52MHzRSY78
— Chris Stigall (@ChrisStigall) May 7, 2021
The Biden-Harris Admin and their Democrat state allies aren't helping anyone "Build Back Better".
— Republican State Leadership Committee (@RSLC) May 7, 2021
Lockdowns, proposed tax increases, and reckless spending led to a dismal April jobs report.https://t.co/ZJgX5SPQCi
Why isn't #WJAM scheduling segments about President Harris and her Kickjoy @JoeBiden's dismal #JobsReport? Must be because only the #Communists infesting our @WhiteHouse only added 266,000 new #Jobs as unemployment rose to 6.1%!
— Kenn Weeks (@KennRWeeks) May 7, 2021
Have a nice day ?https://t.co/6GKZp6ixWs
"Maintain confidence that imbalances between supply & demand will resolve, particularly after the unemployment benefits supplement expires & schools reopen. Remain optimistic about 2021. Batten down the hatches & ride out the storm."
— Michael R. Strain (@MichaelRStrain) May 8, 2021
My column: https://t.co/EOTnwpQu1V @bopinion
Worth reading and considering @MichaelRStrain https://t.co/xkeoX5wYSx
— Adam Ozimek (@ModeledBehavior) May 8, 2021
U.S. added just 266,000 jobs in April, and March payrolls revised lower https://t.co/uPKX4lJNyx
— CNBC (@CNBC) May 7, 2021
.@POTUS’s policies aren't working & are holding back job growth. Today’s #JobsReport showed rising unemployment rates & job creation numbers that fell short of expectations by 734,000 jobs.
— Larry Bucshon, MD (@RepLarryBucshon) May 7, 2021
DC Democrats’ policies are hurting Americans & hurting Hoosiers.https://t.co/BY685pvPV9
"surprising"https://t.co/1Oh1GEBpnr
— Brian Nichols (@BNicholsLiberty) May 8, 2021
Five takeaways on a surprisingly poor jobs report https://t.co/3oabtldO18
— Jeffrey Levin (@jilevin) May 7, 2021