Biden Bust: Unemployment Rate Up, Numbers ‘Way
Worse Than Expected,’ Inflation May Be Coming
PJ Media,
by
Matt Margolis
Original Article
Posted By: Dreadnought,
5/7/2021 11:22:30 AM
With the creation of multiple vaccines in historic time, the COVID-19 pandemic seemed close to being over, paving the way for rapid economic growth.
Unfortunately, the economy appears to be struggling under Joe Biden, based on the latest jobs report released Friday morning.
The unemployment was expected to fall to 5.8% and the economy was predicted to add 978,000 jobs, but that didn’t happen despite mass vaccinations and government stimulus…. not by a long shot.
“The numbers are out, and on the top line they are way worse than expected,” reported Bloomberg. “Something seems very off:
Reply 1 - Posted by:
Nashman 5/7/2021 11:29:52 AM (No. 778089)
May be coming? I got news for you PJ Media, it's already here and it's gonna get much worse. Jimmy Carter worse. I weep for my country.
23 people like this.
Reply 2 - Posted by:
aasilver 5/7/2021 11:34:16 AM (No. 778095)
One thing is for sure. It will ALL be blamed on Trump.
Of course the 4-6 Trillion dollar Biden spending spree and the XL pipeline shut down didn't help - - - but it's all Trumps fault.
13 people like this.
Reply 3 - Posted by:
Phantomll 5/7/2021 11:34:44 AM (No. 778096)
It was predictable. And we're supposed to believe that 80 million people voted for it?
25 people like this.
Reply 4 - Posted by:
Knotwyrkin 5/7/2021 11:37:48 AM (No. 778102)
No shirt Sherlock.
6 people like this.
Reply 5 - Posted by:
DARling 5/7/2021 11:38:13 AM (No. 778104)
Stop paying people to stay at home and the numbers will go back up out of necessity. Help wanted signs are everywhere but no one thinks they should make entry level wages for entry level work.
10 people like this.
Reply 6 - Posted by:
DVC 5/7/2021 11:45:35 AM (No. 778116)
The Demonrats said that they would "reverse everything that Trump did".
Yep, they are entirely wrecking the best economy of the last half a century in only a few months.
14 people like this.
Reply 7 - Posted by:
Safari Man 5/7/2021 11:58:17 AM (No. 778141)
The Federal Reserve needs to raise rates, now!
2 people like this.
Reply 8 - Posted by:
bad-hair 5/7/2021 12:13:08 PM (No. 778164)
Inflation MAY be coming ?
If you liked the Carter years, gasoline line ups, 15% mortgages, you are going to LOVE Biden. If you're younger than 50 you may have to Google Carter.
5 people like this.
All this because, well…….. mean tweets tho’.
Country circling the drain because, well…….orange man bad.
5 people like this.
Reply 10 - Posted by:
3XALADY 5/7/2021 12:28:13 PM (No. 778188)
#5 I wonder what the $15/hour had to do with it. I find it heard to believe unemployment is at 6.1% with all the help wanted ads and articles about businesses not being able to find people to hire.
1 person likes this.
Reply 11 - Posted by:
udanja99 5/7/2021 12:38:18 PM (No. 778204)
Who wants a job when the demonrats make it more profitable to sit on your butt at home?
4 people like this.
Reply 12 - Posted by:
skacmar 5/7/2021 12:40:02 PM (No. 778206)
Biden & Democrats will now claim that more stimulus like the American Jobs Bill and his Infrastructure Bill are needed more than ever now. Too much stimulus money will cause inflation. The jobs bill will create very few jobs that would not have been created anyway. The infrastructure bill has very little in the way of actual infrastructure in it. It does have a lot of social programs and social engineering in it. They will spend a lot of money to look like they are doing something but will actually do little to nothing to improve the lives of people it pretends to help. But, it will make liberals feel good about themselves.
2 people like this.
Reply 13 - Posted by:
BeatleJeff 5/7/2021 12:48:55 PM (No. 778223)
Pardon my french, but when you put a life-long @#%!-up in charge, you can't be shocked when he makes everything completely FUBAR...
5 people like this.
Reply 14 - Posted by:
Heil Liberals 5/7/2021 1:20:46 PM (No. 778250)
Lock in those mortgage rates. Get you auto while you can. Interest rates will have to increase. As #1 said, beyond Jimmy Carter bad. The belt tightening that President Reagan did sent interest rates as high as they ever were until the economy got back on its feet. It was painful for borrowers, but a bounty for savers. I remember my grandmother getting CDs that were anywhere from 17%-22% rate of return. Then, sanity returned. It was painful as hell though.
3 people like this.
Reply 15 - Posted by:
NorthernDog 5/7/2021 1:33:00 PM (No. 778264)
I think a lot of employers run help wanted ads just in case a potentially great employee is out so they can snag him or her. Also, there is always natural employee turnover too - people moving, pregnancies, illnesses, even deaths create unexpected job openings. Few companies actually want to expand payrolls with massive tax hikes and regulations in the pipeline.
2 people like this.
Reply 16 - Posted by:
bobn.t 5/7/2021 1:34:50 PM (No. 778266)
We miss Trump
We absolutely need him NOW and in 2024.
4 people like this.
Reply 17 - Posted by:
GoodDeal 5/7/2021 2:34:35 PM (No. 778304)
Just wait until the collapse of the dollar hits by the end of summer.
1 person likes this.
Reply 18 - Posted by:
red1066 5/7/2021 2:48:26 PM (No. 778320)
Just the increase in gas prices in the last five months would make the price of everything higher due to inflation.
2 people like this.
Reply 19 - Posted by:
Venturer 5/7/2021 6:38:33 PM (No. 778522)
Inflation is on the way and it will wipe out people on a fixed income.
0 people like this.
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