Joe Biden Washington economy Government Joe Biden Washington

Weak jobs report could be a risk or opportunity for Biden

Reading now: 755
www.clickorlando.com

WASHINGTON – President Joe Biden's promised economic comeback hit a speed bump Friday with the April jobs report, which found modest job gains of 266,000 that complicated his $4 trillion push on infrastructure, education and children.

The employment report failed to show that the U.S. economy was accelerating forward, so much as it appeared to be stutter-stepping along as the unemployment rate ticked up to 6.1%.

Economists had projected roughly one million added jobs last month, and the modest hiring indicated that the $1.9 trillion coronavirus relief package has provided an uneven boost so far.

The figures present Biden with a fresh challenge at a critical moment in his presidency. He is betting that an open embrace of massive government

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA