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U.S. Added 266,000 Jobs Last Month—Far Worse Than Expected, As 9.8 Million Americans Remain Unemployed

The U.S. added this many jobs last month:

5/9/2021 3:30:00 PM

The U.S. added this many jobs last month:

The unemployment rate ticked up to 6.1% in April, according to the Labor Department’s monthly jobs report .

 released by the Labor Department Friday—much worse than the 1 million job gains economists expected and far fewer than the 916,000 jobs added in March, indicating that the long-tepid labor market recovery is slowing down again even as stocks and corporate earnings rip higher. 

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Bartenders wearing protective masks assist customers sitting at the bar at Bloom’s Tavern in New... [+]York City on Monday, May 3. New York City is moving to fully reopen by July 1.© 2021 Bloomberg Finance LPKey FactsThe unemployment rate ticked up to 6.1% in April, as compared to 6% in March; the metric hit a record high of 14.7% in April 2020.

There are now 9.8 million unemployed people in the United States, higher than 9.7 million in March and much higher than the prepandemic level of 4 million in February 2020, the government said.Overall, the U.S. economy has added back roughly 14 million of the 22 million jobs lost at the height of pandemic uncertainty in March and April of last year.

At 3.5 million, the number of permanent job losers is still about three times prepandemic levels, and the labor force participation rate in April was little changed at 61.7%, compared to 63.4% in February 2020.According to the Labor Department, 9.4 million people reported that they were unable to work last month because their employer closed or lost business as a result of the pandemic—still a sizable portion of the labor market but down from 11.4 million in March, thanks to businesses reopening.

April’s report also continued to show stark differences in unemployment by race, with minority groups such as Black Americans and Hispanics facing above-average unemployment rates of 9.7% and 7.9%, respectively.Crucial Quote“Obviously, the jobs report is a large disappointment . . . however, the economy is still on a recovery footing,” says Vital Knowledge Media Founder Adam Crisafulli. “Notable job gains in leisure and hospitality, other services, and local government education were partially offset by losses in temporary help services and in couriers and messengers.” The losses in temporary help services, Crisafulli says, suggest companies “may be gearing up for more permanent hires.”

Read more: Forbes »

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I am still not willing to go out to eat as I don’t know that person waiting on me or others in restaurant had their vaccines. My area is only 40% got their vaccines.

U.S. Added 266,000 Jobs Last Month—Far Worse Than Expected, As 9.8 Million Americans Remain UnemployedINFLATION: President Biden this week dismissed fears of 'overheating the economy' in his response to the April JobsReport. thanks for this news More jobs will do no good to Americans, if inflation due to the banking fractional reserve, is still allowed to steal away the purchasing power of their wages Everybody should invest in cryptocurrencies because fiat is finished, it is an irresponsible banking instrument that has zero value, it only creates a world of DebtorSlaves purely to serve the interests of global financiers. AbolishCredit IncreaseWealth EndPoverty SAFEMOON

U.S economy added just 266,000 jobs last month, vs. estimates for 1 million or higherJUST IN: US economy added just 266,000 jobs last month despite estimates of more than 1,000,000. Bidens america 😂🤣 NO...there are just more jobs because people don't want to work. There for the amount of positions available to hire has gone up. They were not created. they have always been there. People just need to go to work. we all know the GOVT cannot put together accurate reports.

Major disappointment: America added way fewer jobs than expected in AprilThe US economy added only 266,000 jobs in April at the anniversary of the worst job loss for any month on record. This was far less than forecasts of economists, who had predicted America would add 1 million jobs last month. and yet employers still do not want to pay living wages and benefits huh? They need to add 12,000 lbs of steel beams to the bed of their Dodge Ram, motor trends truck of the year and put some of these people to work Dang it Biden. Dang it dang it.

U.S. Employers Added 266,000 Jobs in AprilEmployers added 266,000 jobs in April and unemployment rose to 6.1%. Businesses are hiring, but some have struggled to fill openings. I’m doing $5,000 challenge to 1BTC target in the next 3 weeks+. Started 1 week ago and already at $15,780. 🧑‍💻Send me a DM if you want to be a part of this, & for more details do better - your tweet and headline are bipolar. wow

U.S. added just 266,000 jobs in April as hiring slowsAmerica’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economic recovery strengthens