U.S. jobs report sharply misses expectations, unemployment rate rises to 6.1%

The U.S. economy added 266,000 jobs in April, sharply missing economists’ expectations to mark the largest expectation gap in 23 years. The unemployment rate unexpectedly rose to 6.1%, about twice the level prior to the response to COVID-19, the Labor Department said in its monthly payroll report, released Friday morning. Economists’ consensus expectations via Refinitiv called for the report to show that the economy added 978,000 jobs and unemployment fell to 5.8%.

Megan Henney for FOXBusiness:

U.S. FlagMost of the hiring so far represents a bounce-back after tens of millions of positions were lost when the pandemic flattened the economy 14 months ago. The economy remains more than 8 million jobs short of its pre-pandemic level.

In fact, the number of open jobs is now significantly above pre-pandemic levels, though the size of the labor force — the number of Americans either working or looking for work — is still smaller by about 4 million people.

In addition, the recovery remains sharply uneven: Most college-educated and white collar employees have been able to work from home over the past year. Many have not only built up savings but have also expanded their wealth as a result of rising home values and a record-setting stock market.

By contrast, job cuts have fallen heavily on low-wage workers, racial minorities and people without college educations. In addition, many women, especially working mothers, have had to leave the workforce to care for children.

MacDailyNews Take: The U.S. jobs report looks like good news for Big Tech, all of which are rising in pre-market trading, including Apple, currently up 1.33% as investors are seeming to rotate back into the relative safety of Big Tech stocks.

27 Comments

      1. Shapiro is the new Rush Limbaugh! Ben rules. Leftists brainwashing Biden propagandists, behold the TRUTH! You WILL be held ACCOUNTABLE and that includes biased Big Media…

    1. The 2020 U.S. Presidential Election was irrevocably tainted. It was purchased by Mark Zuckerberg targeting a handful of inner cities in a handful of swing states with hundreds of millions of dollars.

      Every honest person know this. Even dishonest fools like Joe Biden know it.

      1. Yes, 2020 election was tainted like no other in history and we are stuck with an illegitimate President no one is happy with. Exceptions: power hungry dishonest Democrats, phony Hollywood celebrities and giddy Big Media that defended Biden at all costs, while pummeling Trump everyday for five years.

        And yes, the polls show the vast majority of Americans want election integrity RESTORED and not taken over and federalized by the elitist Democrat cabal running Washington.

        And the only ones NOT listening to voters, besides the media that chooses not to run the story daily and ignores it, our know it all Democrat RULERS. Gee, what a surprise.

        All Dems who are not bright know is how to tell everyone what to do in every aspect of their lives, mind everyone’s business, mouth platitudes solving NOTHING with trillions of wasted taxpayer dollars. When gently questioned about growing problems, example border crisis, Dems bristle like children not mature enough to take responsibility — and reflexively BLAME Trump. 🤣🤣🤣🤣🤣

        What a total joke the party of JFK Is today…

    2. If you voted for a dementia patient controlled by leftist socialists, your death wish for America is granted.

    1. You ask a loaded question, did you expect a genuine response?

      Well let’s start with the fact that an equal and opposite number of self-proclaimed Republicans are also Anti-American Idiots. You have shown zero proof that one corrupt party is superior to the other. A pox on them both. Be pragmatic, not partisan. You will see more clearly.

      As for economic times of the day … an honest assessment would show that the recovery under Biden is coming along as well as any president could deliver. As opposed to 2019, today there are millions of people who would like to work full time but cannot because they are taking care of children or ill relatives. Still despite bumps in the road, the employment rate will be fine.

      There are a billion things happening in the world today that he doesn’t control. In spite of headwinds, the USA is doing far better than most countries and moreover this administration is actually pushing some very good ideas that are long overdue – infrastructure investment for one. What does all this have to do with Apple anyway?

      1. Steve88, Thank you for adding a touch of sanity. We are in an economic recovery and the number of people reentering the job market has grown faster than the number of jobs that fit the skills of those workers. In other segments of the economy, there is actually a labor shortage. It will work out as things normalize.

        1. “As for economic times of the day … an honest assessment would show that the recovery under Biden is coming along as well as any president could deliver.”

          The “recovery” is a natural progression of people getting back to work or trying to after the government shut them down and put 20 million non-essentials out of work for over a year and the people are now fed up, and revolt is in the air. Not the armed revolt kind, but the screw your mask, screw your vax, screw your lockdown, screw your governor tyrannical ego trips and lust of power, kind of revolt. A Frick’n monkey as leader would have similar economic results at this stage of the game.

          Bidens has only been in office for four months. You think his “actually pushing some very good ideas that are long overdue – infrastructure investment for one.” are going to be any more successful than his former boss Obama’s “Shovel Ready Jobs” and “Recovery Summer” that lead to the question, ‘Where are the jobs?’ We’ll see in four years.

          Same BS… Using the same shovel!

          What does it have to do with Apple?

          Hard to have an Apple Super Cycle when people don’t have discretionary income, or a job for that matter, to splurge because of the same tired old Democratic politicians enacting the same tired old economic playbook once again, but only your average Americans are the ones being played!

          Sanity? Isn’t insanity, according to Albert Einstein, doing the same thing over and over again and expecting different results?

          1. Well said, the same Obama insanity 2.0. A donkey on a rope could have the same economic recovery impact as Biden and the two Leftists cheerleaders are the only ones that don’t understand what is really going on…

      2. “Still despite bumps in the road, the employment rate will be fine.”

        What is MDN’s favorite expression on some ludicrous statement or prediction? Oh yeah, “iCal’ed”!

      3. “Well let’s start with the fact that an equal and opposite number of self-proclaimed Republicans are also Anti-American Idiots.”

        Well let’s start with the fact that is a total partisan LIE. You have ZERO facts to prove your Leftist OPINION.

        “an honest assessment would show that the recovery under Biden is coming along as well as any president could deliver.”

        Let’s continue with your OPINION has more to do with partisan cheerleading, and less to do with “an honest assessment.” Keep up the Democrat EXCUSES, you are going to need VOLUMES the next 3.5 years.

        “Tons of people who would like to work full time but cannot because they are taking care of children or ill relatives.”

        More Democrat excuses. I seem to recall for thousands of years families have managed to take care of children and ill relatives pandemic or not, employed or not, good economy or not and today technologies best in history. People know how to survive without a government check handout. Further, aren’t kids home from school every summer, Hello?

        Last count if I remember correctly their are 8 million people out of work and 9 million jobs available. The April jobs report sparked inflation fears when 200,000+ new jobs fell well short of over a million projected. The answer is simple, when Americans calculate what they will earn taking a job, compare it to unemployment checks with $300 extra per week until September, millions make more to stay home. What part do you and the Biden administration not understand?

        Biden and the rest of the DISINFORMATION Democrat party can DENY reality until the cows come home. Their elitist egos will never admit bad policy failures wasting trillions of taxpayer dollars. Bottom line: Common sense kitchen table economics in USA households already made the decision to stay home making more money for nothing and Biden cannot wish away reality into the cornfield.

        Notable during President Trump administration a record number were employed before the pandemic hit. You don’t like that fact, but I understand.

        “In spite of headwinds, the USA is doing far better than most countries”

        Yes, the USA has ALWAYS done better historically. But no, under Biden he can’t carry Trump’s water when it comes to economic recovery and government all time records. If Biden extends the $300 per week extra unemployment past September, we will see the economic consequences overall particularly affecting small businesses struggling to find and hire employees present day. CNN and the NYT did not tell you that, it would go against their all in bed POLICY cheerleading for the Biden administration. Critical analysis in Big Media today is simply DEAD.

        “this administration is actually pushing some very good ideas”

        Like what? “Pushing” does not translate to reality and success at this time, now nothing more than political wind.

        “long overdue – infrastructure investment for one.”

        What “infrastructure investment?” Last time I checked no bill was passed and the infrastructure investment is a whopping 9% of the Democrat PORK BILL. WooHoo, let’s light up and party!

        While you want good things to happen same as I and most citizens, your party loyalty, naïveté and idealism does not translate to reality. Only critical thinking and results count in the real world. But in the Democrat world, they rely on props from Hollywood and the Big Media.

        “What does all this have to do with Apple?”

        Obviously you did not read MDN’s Take. Please try to keep up.

        Lastly, obviously you did not read or click on links to educate yourself from Regular Reader, We Will Not Rest, Facts are Fun!, Black Women for Trump and Which Part of “Democrats are Anti-American Idiots” Didn’t You Understand?

        So, enjoy the Democrat cocoon…

  1. “Jobs Report Shows Surprising Slowdown in Hiring” is the NY Times online headline. Why is it this Liberal rag is always surprised when things go worse than predicted for Democrat’s economic recovery and make excuses for, meanwhile are equally surprised, when things are better than predicted by a Republican economic report? I’ll never figure that one out from these so-called expert/professional journalists that I am supposed to trust regarding informing me of the news.

    1 million jobs and an unemployment rate of 5.8%, Dow Jones was expecting.

    Jobs numbers 266,000 and the unemployment rate rose to 6.1%, the Labor Department said, is what they got!

    But hey, ‘Build Back Better’ and getting America ‘Back on Track’ is what we have to look forward to and, of course, nice tweets.

    What was it that Bill Clinton once said, “No attack ever fed a hungry child.” Well, neither has idiotic sloganeering such as ‘Build Back Better’ and getting America ‘Back on Track’! Or BJ’s in the Oval Office. But mean tweets…

  2. The reason this is happening isn’t just bad luck. This can be directly linked to Joe Biden and his party’s insistence on showering people with “unemployment” benefits that last into the fall.

    Republicans warned about this happening and were mocked as not caring about the pandemic. Now, the consequences of garbage policy are being made apparent.

    This is a failure of leadership from the top down, starting with Joe Biden, who is utterly incapable of doing his job as president.

  3. Geez reading this discussion makes me think I just walked into the men’s room at Mar-A-Largo….full of arseholes….
    Hater hate right? That is what you guys do. lAst time I looked we are still in a pandemic….but thanks to Biden you guys are coming out of it (could it be he understood that it was killing Americans?). Anyway your economy will come roaring back too,,,sit back and take a chill pill.

    1. Reading your post makes me think some dude just walked out the ladies room at the DNC… full of confused, brainwashed morons!…

      Idiots idiot right? If you have to cheat to win you’re still a loser.

      Last time I looked, the people complaining about the pandemic were the right. You had churches complaining about not having in person congregations while mass mob rioting in Portland was fine and dandy by the Left’s standards. You had Left Democrat leadership ban indoor dining, yet CA Gov goes to maskless indoor dinning. You had Left Congressional Leadership from California, the Majority Leader get her hair blown at a hair salon against pandemic regulations of open salons during lockdown. You had Left Michigan Gov tell people to stay home and avoid travel out of state and yet, bums the use of, for a free ride from billionaire’s private jet, to go to Florida to visit ailing father, she said when called out on the trip, turns out he was not so ailing. Oh thy name is Hypocrisy!

      The SCROTUS (So Called Ruler Of The United States) Biden is the last dickhead I would thank for “coming out of the pandemic”! “Could it be he undertands…”, sorry but that demented half brain dead useless carreer politician grifitng making millions under the guise of public service never understood anything except how to game the system to his personal benefit.

      We shall wait and see about that “economy coming back”. Afterall, this is being referred to as Obama’s third term and we all know how great his first two were.

      1. Poor little snowflakes got a boo-boo on their egos when their candidate lost one of the fairest elections in American history, so they’re trying to kiss it better by telling themselves that it was all just a bad dream. It wasn’t. The Republican candidate failed to win the support of even a plurality—much less a majority—of American voters for the seventh time out of the last eight presidential elections. He failed to win a majority of the Electoral College for the third time in the last four.

        The Party can see that the trend is bleak. Rationally, they would adjust their message to attract more voters. Instead, they they are loading the dice by biasing the census so they can gerrymander the legislatures to pass legislation that makes it more difficult to vote and easier to suppress dissent. If you can’t win a fair contest, you need to cheat, and to justify cheating you need The Big Lie—unsupported by any credible admissible evidence—that the Republican candidate really won the last election but was stabbed in the back by a traitorous minority group.

        I doubt their mommies would approve.

        1. So true. I see a couple pathetic Trumpists still whining after it has been shown time and time again that they lost. Sort of like those couple of fans in the stands you see after their team loses the Super Bowl or World Series…long sad faces. The difference is that this fans accept their defeat after the shock wears off. They don’t go and lie and say that their team actually won.
          Gerrymandering, restricting voters rights, obstruction…. Why doesn’t the GOP, instead of falling back on unscrupulous methods, try working FOR the American people.
          People on BOTH sides did stupid things. Don’t let that be the basis of not working for the people.

          1. Funny, I see a few MDN posters who can have the wool so easily pulled over their eyes after not hearing the claims of fraud or seeing the evidence that is piling up that they will never believe in the first place because they cannot imagine an America where Trump soundedly defeated the opposition for a second term in office and who had to cheat their asses off in order to steal the election. Trump is, has and always was working for the Ameican people. More than that criminal grifter, Resident of the United States Joe Biden, ever has. Yep, agree people on both sides did stupid things. One side stupidly stole the election and the other side stupidly did not shine the light of truth on that criminal treasonous act and fight to expose it. But what would you expect from career bureaucrats and politicians! But please, honestly, after four years of fake news, fake impeachments, fake protests, Pussy Hat Women’s Marches, Big-Tech idiots and Social Media communist censoring jerk-offs and loggerheads at every corner during Trump’s four years, please, please, P-L-E-A-S-E take that “not working for the people” and the celebrity retards saying it is time for unitity bullshit and F-OFF!

        2. Does your mommy know you are on the computer? Did you drink straight out of the COVID Vaccine vat, a few gallons of that poison, to make you say stupid stuff? Just like Trump cleaning up after Obama, I guess I’ll have to clean up after you.

          “fairest elections in American history” it would be if ISIS was in charge, but since Democrats were instead, makes that claim by you and others as worthless as tits on a bull. Now if you were to say, ‘the most fertile ground for elections to be compromised and cheated on’ then you would be on to something.

          “Republican candidate failed to win the support of even a plurality—much less a majority—of American voters for the seventh time out of the last eight presidential elections. He failed to win a majority of the Electoral College for the third time in the last four.” With the evidence becoming clearer as to what was happing with Criminal Democrats, corrupt election officials, Dominion and Smartmatic, is it any wonder for the numbers you cite? Americans no longer need to vote, they have machines to do it for them. Their selection of the candidate they desire is no longer guaranteed. This time the evidence is overwhelming because the need to overcome Trumps blowout victory numbers was so great that four cities had to stop the vote count in order to manufacture the illegal votes necessary to drag brain dead Biden’s worthless tail across the finish line. You and other not accepting the factual findings of the ongoing forensic Audits will not make them less true! It will just make you Co-Conspirators of Election Theft.

          “The Party can see that the trend is bleak.” Bleak? Ask Trump backed candidate Susan Wright of TX how bleak things are. Then ask Adam Kinzinger and his PAC ‘Country First’ supported candidate Never Trumper Michael Wood. Bleak? Ask Liz Cheney how she is feeling about the prospects of her political future as she is poised to be ousted from her number 3 position of leadership. Bleak? Odd how Trump’s support remain steady. I’m not talking about usless polls that you cannot trust, much like the news media, but rather forums of the actual people that would show up at a Trump rally are still backing him 100%. Bleak? We’ll see.

          “Rationally, they would adjust their message to attract more voters. Instead, they they are loading the dice by biasing the census so they can gerrymander the legislatures to pass legislation that makes it more difficult to vote and easier to suppress dissent.” Trump won by a lot. Democrats needed to cheat by a lot. That is why Democrats suppressed the 2020 election by getting Republican Observers kicked out, if they were allowed in to begin with, that is why the Democrats moved tables back away from Observers eyes, that is why Democrats put cardboard on the windows preventing people from the other side looking in to see what was going on. As well as cronism from state govenments and election officials to change election rules illegitmately, a fake crisis with the COVID 19 hoax, that is, hoax that everything had to be shut down and that a thin paper mask will protect you from the most deadliest virus in the world that if you caught it and were not the very young or very old, had a 98 percent chance of recovery, and failure of the Deep State Alphabet Agencies to look into the fraud, as well as, the Judiciary. All that made it much easier tp cheat and suppress dissent of election results.

          “If you can’t win a fair contest, you need to cheat, and to justify cheating you need The Big Lie—unsupported by any credible admissible evidence—” It’s not The Big Lie, but rather The Big Crisis, you know, from the “never let a crisis go to waste” crowd that gave us the tyrannical leadership of Governors like Newsome, Evers, Whitmer, Wolf, Murphy, Coumo and other corrupt politicians the chance needed to steal an election they were not winning. Supported by the W.I.M.P. factor. Don’t know WIMP in elections? Not surprising.

          “that the Republican candidate really won the last election but was stabbed in the back by a traitorous minority group.” THAT was the first honest thing you ever said in all your posts! Friend, there may be hope for you yet,!

          1. The quote about “the victory that was stolen by a stab in the back from a minority group” was translated almost verbatim from the book that popularized the term Big Lie. I do not find it surprising that it resonates with a movement that has borrowed most of its themes and slogans from the “America First” movement that supported appeasement and opposed resistance to the Axis powers during the run up to World War II. That mindset may go underground for awhile, but it always seems to reappear.

            There is exactly the same degree of legally admissible credible evidence of a 2020 stab in the back as there was in 1918. Rumors generated to soothe a bruised ego are not evidence.

            1. As if completely shutting down entire economies over a virus in order to force unconstitutional mail-in voting not enacted by state legislatures in order to get rid of the bad orange man didn’t actually happen.

              By the way, what are America-hating Democrats so afraid of in Maricopa County? Why try every which way to block a forensic audit if you’d just held “the fairest election in American history?” Wouldn’t you want evidence of your “fairest election in American history?”

              What are America-hating Democrats trying to hide?

              The current liberal “fetch” is asserting that questioning the garbage election is to engage in “The Big Lie” with all its Nazi overtones. This weak sauce concoction, like so many other propaganda ploys, is designed to carve out yet another area of debate as undebatable. We’re supposed to pretend that 2020 was swell, and it wasn’t. The question is not if there was election fraud, but how much.

              Mark Zuckerberg, the America-hating Democrats and biased pols, bureaucrats, and jurists changed the rules unfairly and sometimes unlawfully to gain advantages they should not have had.

              The Roberts Court, as usual, backed off from addressing these issues because of some bizarre notion that to inject itself into the matter would discredit the institution. What it succeeded in doing was discrediting the Court itself, since it showed we cannot count on the Supreme Court to vindicate our rights when that might mean justices having to endure uncomfortable conversations at the country club. And there was the unofficial, extra-governmental unfairness of the tech titans and the media actively taking sides against conservatives. Put them all together and you get President * and the country’s unfortunate situation.

              100 days in: Biggest unemployment miss in U.S. history. But, hey, no mean tweets.

        3. “Poor little snowflakes got a boo-boo on their egos when their candidate lost one of the fairest elections in American history”

          You know all about snowflakes TxLIAR. This was the worst presidential election most likely in all of history. No matter how hard you try and LIE, you cannot change that fact.

          Months ago you were roundly chastised and excoriated by many posts for pulling this lying bulls*it and obviously you never learn and seven months later back at the same disinformation.

          You are one pathetic POS…

          1. Seven months later, you have yet to convince any court anywhere that there is even enough evidence of election misconduct to justify a trial. No matter how hard you try, you cannot change that fact.

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