BIDEN’S ECONOMY: Jobs Fall Short in April, Unemployment Rises to 6.1% as Recovery Stalls

The United States economy added just 266,000 new private jobs in April, falling far short of expectations as the unemployment unexpectedly rose above 6%.

“The unemployment rate unexpectedly rose to 6.1% — while it’s still well below the April 2020 peak of 14.7%, it’s about twice the pre-crisis level, the Labor Department said in its monthly payroll report, released Friday morning. Economists surveyed by Refinitiv expected the report to show that unemployment fell to 5.8% and the economy added 978,000 jobs,” reports Fox Business.

“There are still 8.2 million fewer jobs than there were last February, before the crisis began,” adds the website.