There's no sugarcoating the September jobs report. As Spencer noted, nonfarm payrolls only increased by 194,000, falling far below the 500,000 the Dow Jones had estimated. The unemployment rate, meanwhile,
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Source: AP Photo/Evan Vucci
The May jobs report showed another set of disappointing economic numbers, with only 559,000 jobs added last month when 670,000 were expected to be added. The unemployment rate fell from 6.1 percent to 5.8 percent.
BREAKING: The U.S. added 559,000 jobs in May, vs. 671,000 expected. The unemployment rate fell to 5.8%. https://t.co/no0YcnBDQipic.twitter.com/6ibq212EsE CNBC (@CNBC) June 4, 2021
The dismal jobs report is a direct result of the Biden administration’s economic policies that have not jump started a pandemic recovery. Republican lawmakers took note of the lackluster figures, and argue that the administration “paying people not to work,” via increased unemployment benefits, is not working.
Speaking from the Rehoboth Convention Center Friday morning, President Joe Biden attempted to spin disappointing May jobs numbers, which came in well below expectations. "This is a report based on