Five takeaways on a surprisingly poor jobs report | TheHill - The Hill
May 07, 2021 2 mins, 13 secs
Economists and politicians alike were shocked by the unexpectedly tepid April jobs report released Friday, which showed that the economy only added about a quarter the number of jobs most were expecting.

businesses added just 266,000 new jobs in April instead of the roughly 1 million that economists had projected.

The jobs report shed light on some of the current trouble spots, though economists say more data is needed to know exactly what’s going on.

“Government paying people more to stay home than to work has crushed the ability of businesses to get workers back, and this jobs report is evidence of that," said Adam Brandon, president of the conservative FreedomWorks advocacy group. ?

Frick said there’s little evidence to back up the idea that expanded benefits are keeping people from working.

“You can look at states with higher and lower unemployment benefits and there’s no correlation with their unemployment rates,” said Frick, who suggested a lack of child care, transportation issues are among the reasons why low-income workers might face greater challenges in getting back to work.

Democrats said the report showed the schisms in the economy that they aimed to address through the infrastructure and family support plans proposed by President BidenJoe BidenAtlanta mayor won't run for reelection South Carolina governor to end pandemic unemployment benefits in June Airplane pollution set to soar with post-pandemic travel boom MORE.

“The disappointing April jobs report highlights the urgent need to pass President Biden’s American Jobs and Families Plans,” House Speaker Nancy PelosiNancy PelosiOn The Money: Weekly jobless claims fall to 498K, hitting new post-lockdown low | House to advance appropriations bills in June, July Rural Democrats urge protections from tax increases for family farms Cheney fight stokes cries of GOP double standard for women MORE (D-Calif.) said in response to the report. .

She said the evidence shows that women and working families need the enhancements to child care, education and other issues provided by Biden’s proposals, and that this would in turn create jobs and help the economy.

“Today’s report just underscores, in my view, how vital the actions we're taking are,” he said.

While the April jobs report was universally seen as a disappointment, economists by and large agree that one month does not a trend make

“It may be bumpy from month to month for a variety of factors,” Treasury Secretary Janet YellenJanet Louise YellenWaPo reporter: Treasury continuing recovery plan amid complaints of labor shortage, inflation Business groups target moderate Democrats on Biden tax plans On The Money: How demand is outstripping supply and hampering recovery | Montana pulls back jobless benefits | Yellen says higher rates may be necessary MORE said Friday

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