United States President Joe Biden speaks in the State Dining Room of the White House in Washington, DC, USA on Tuesday, May 4, 2021.
Alex Edelman | CNP | Bloomberg | Getty Images
WASHINGTON – President Joe Biden said Friday that lower-than-expected job growth in April shows that the U.S. economy is still struggling to recover from the Covid-19 pandemic and that its massive infrastructure and family support bills are now more than ever needed.
“This month’s job numbers show that we are on the right track,” said Biden. “But we still have a long way to go. My laser focus is on growing the country’s economy and creating jobs. My laser focus is on vaccination, and my laser focus is on one more thing: making sure that hard-working people are in this country will no longer be left out in the cold. “
The number of new hires slowed dramatically in April. The number of non-farm workers rose by 266,000, significantly less than expected, and the unemployment rate rose to 6.1% due to the increasing shortage of available labor.
Dow Jones estimated 1 million new jobs and an unemployment rate of 5.8%.
Many economists had expected even higher jobs in the face of signs that the US economy was coming back to life.
— CNBC’s Jeff Cox contributed to this report.
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