April BLS Jobs report misses estimates by a lot +266K jobs, UE 6.1%

[Johnny2X2X]

Was expected to add 1 Million jobs, only added 266,000. UE still at 6.1%.

Look for Cons to seize on this and attack Biden with it. It's a disappointing report vs expectations, but maybe expectations were way off. But wages absolutely crushed expectations, +0.7% and are up 0.3% over last year at this time.

SO today, you're going to hear Republicans screaming "stalled recovery" "Socialism doesn't work!" etc. etc. But know that Joe Biden is adding jobs at a record clip while Donald Trump was the worst US jobs President since Herbert Hoover.

[jimfields33]

1. Companies are hiring back their employees let go from the pandemic

This is good news. I’m sure more will be rehired over the next six months.

[Johnny2X2X]

2. This is a good report, the 1 Million jobs expected was setting Joe up for failure.

Slow and steady wins the race.

[Celerity]

3. Jobs report blows past expectations as payrolls boom by 916,000 in March

https://www.cnbc.com/2021/04/02/us-jobs-report-march-2021.html

[Lovie777]

4. Am I'm wrong that with both March and April that is pass the mark . ...

or was that prediction of 1 million was only for April which is insane.

[Celerity]

6. The consensus for just April alone was that 1 million new jobs would be added. Obviously something

went horribly wrong with all the forecasting models.

[uponit7771]

9. +1, yeah I'd like to see how that forecast was done.

[Celerity]

10. Employment Projections Methods Overview

https://www.bls.gov/emp/documentation/projections-methods.htm

[cally]

5. Maybe will help pass infrastructure bill

Since arguments that economy is overheating are not true

[uponit7771]

7. +1,

[uponit7771]

8. The first 2 trillion dollars isn't fully out of the door yet, Biden can work this angle

[Johnny2X2X]

11. Yup

This also shows how needed it was.