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(Stan Honda/AFP via Getty Images) May 13, 2021 3:17 PM ET Font Size: The underwhelming jobs report in April suggested that an increase in government spending and unemployment benefits is discouraging people from going back to work, but it appears Wall Street wants to keep spending high as a means to drive growth. The U.S. economy reported an increase of just 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, well below the one million additional jobs projected by the Biden administration and economists. President Joe Biden attempted to put the jobs report “in perspective” during a speech last Friday, stating the numbers indicated “we still have a long way to go.”

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