BREAKING: Unemployment Rate INCREASES, Numbers ‘Way Worse Than Expected’. Talk Of Inflation Grows.

The economy appears to be struggling under President Joe Biden, according to new jobs report that was released on Friday morning.

Top lines from financial reports:

  • CNBC: Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.
  • BLOOMBERG: The numbers are out, and on the top line they are way worse than expected. Something seems very off: only 266,000 jobs created in April, and the unemployment rate ticked up to 6.1%, according to the report.

This is a breaking news story, refresh the page for updates.

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