New Jobs Numbers Come in Lower Than Expected, Unemployment Rate Rises

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from Western Journal,

The Labor Department released its April jobs report on Friday, and the news wasn’t good for President Joe Biden’s economy.

After a number of months of relatively positive news, the new data showed that the labor market may be cooling off.

That could be good news for U.S. inflation — if the trends continue — but a weaker jobs market is unlikely to boost Biden’s re-election chances in November.

“Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today,” a news release from BLS said.” Job gains occurred in health care, in social assistance, and in transportation and warehousing.”

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