The April Jobs report numbers were so low that CNBC’s Steve Liesman thought they were wrong pic.twitter.com/Od9pRRFKvl— RNC Research (@RNCResearch) May 7, 2021
Joe Biden’s economy:— Steve Guest (@SteveGuest) May 7, 2021
The April jobs report was the worst miss in 23 years: "The worst miss, we're told, since '98."
Unlike a lot pundits, I wasn’t willing to pop the champagne and assume that the economy would be roaring a year from now. Few things are more unreliable than the predictions of economists.
“There definitely is a boom underway, even if a vast majority of Republicans claim to believe that the economy is getting worse. All indications are that we’re headed for the fastest year of growth since the “Morning in America” boom of 1983-1984. What’s not to like?
Well, booming economies often run into temporary bottlenecks, which show up in surging prices for selected goods. For example, the price of copper tripled between December 2008 and February 2011, even though recovery from the 2008 recession was fairly sluggish. …”
“The U.S. economy added a mere 266,000 jobs last month. Forecasters had floated gains close to 1 million, making this the biggest miss, relative to expectations, in decades.
Why it matters: It’s a major setback for the hopes of a speedy labor-market recovery alongside America’s great reopening. …”
The economy was hot for Trump until suddenly it wasn’t.