- Nov 14, 2011
- 120,857
- 65,727
- 2,635
LOLmaybe you don’t understand how IE rate is calculated. Not surprisedStop lying. Yes, the Labor force grew. By 430K.It's not true....hence why it was way off....it was headed that way until Xiden Harris and the Desm took overoh it's not true...hence why they were off by 3/4 of a million.Looks like his pork filled "Rescue Plan" is a dismal failure.
Biden reacts to weak jobs report, says US 'still digging out of an economic collapse,' but on 'right track'
President Biden on Friday said the country is “still digging out of an economic collapse” amid the coronavirus pandemic, but that the U.S. is on the “right track,” as the administration reported that the economy created 266,000 jobs in April.www.foxnews.com
Hardly. Clearly the economists were wrong. They expected a straight up recovery which may or may not be true. Also worth noting several things about the report. 334,000 jobs were created in the serfvices industry. These are the people who are complaining the loudest. Higher wage industries such as manufacturing saw no growth. Grocery stores saw employment drop which means they let workers go. Also the February report was adjusted downward. You do not make policy based on 1 month's data.
and now we have UE going up,. inflation....which equals stagflation....and to top it all off...a gas shortage.
Xiden is on his way to surpass Carter's horrible economy.
Because they expected a straight up and down recovery. That may or may not be true.
UE went up because more people re-entered the workforce. Inflation is due to the pandemic. Production of goods has not returned to pre-pandemic levels yet. There is still a bottleneck at American ports.
Biden is not responsible and the fact that he has high approval ratings proves that.
No, more people didn't "enter the workforce" - some people stopped completely giving up, and applied for UE benefits, because the Dembots expanded it, and increased it. That's why you had more people filing that otherwise weren't
Bureau of Labor Statistics Data
data.bls.gov
what i said was true...hence why UE rate rose
You should be more respectful to those who correct your lies.
What you said is flat out false. As I said, and proved with a link to the BLS, the labor force grew last month by 430K. Denying that is denying reality. And the unemployment rate is a simple calculation of dividing the number of people unemployed by the number of people in the labor force...
Mar: 9710 ÷ 160558 = 6.0
Apr: 9812 ÷ 160988 = 6.1
Apr: 9812 ÷ 160988 = 6.1