Business

Breaking: Jobs Report Misses the Mark (Again)

Jobs

Washington, DC – Today, the Labor Department announced that the economy is underperforming with respect to creating new jobs. Currently, the US economy has 7.6 million fewer workers than it did in February of 2020, and the number of jobs added in May again missed its mark by nearly 150,000 jobs. The economy added 559,000 jobs in May, which fell short of the 650,000 economists were expecting.

This report comes on the heels of last month’s disappointing job numbers – the economy added only 266,000 jobs in April compared to the expected one million jobs that were expected as states continue to reopen. Republicans in Congress who have been critical of the additional $300 per week unemployment benefits spoke out Friday, as did AMAC Action President Bob Carlstrom, who said:

Paying Americans to stay at home and not work has real consequences, which are reflected in the most recent jobs report. AMAC Action stands with members of Congress who are focused on providing predictability to small businesses as America recovers from this pandemic, and now clearly is not the time to raise taxes on America’s job creators. Congress should instead explore ways to get more Americans back to work by phasing out the unneeded extra unemployment benefits in a responsible way.

The economy continues to move towards recovery as some service sectors saw stronger gains than the overall unemployment picture would suggest. Even still, the threat of higher taxes, inflation, and a generous unemployment benefit continue to put the economy on unsteady footing. Please stay tuned to AMAC Action for more updates on the economy and Congress as they happen.

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JohnH
3 months ago

How many people on this board remember the horrific inflation numbers of the 1970’x? The trigger point was Iran oil embargo & gas prices went up fast & caused lines at gas stations & limit on amount you could buy & 55-mph speed limits nation wide. Do not wish for these days again & hope that Biden understands what he doing with oil/gas & consequences to America.

Steve
3 months ago

I am traveling across the West Coast. Town after town, large and small, retailers and hospitality employers are crying for workers. No one is applying except a few retired folks looking for a second income. There are jobs waiting out there for anyone with enough self respect to earn their next meal instead of waiting for their welfare check.

Last edited 3 months ago by Steve
Hal
3 months ago

Let’s hope the economy workforce improves pretty quick .. or the DemocRats will start some petty war to cover up attention to the economic situation.

Glee
3 months ago
Reply to  Hal

Although it would be painful in the short run, I think the economy needs to follow its downward spiral until it hits alarming numbers. Something has to be significantly felt in the wallet to give foolish people a reality check of what happens when they elect leftist loons to be in charge of taxpayer dollars. Obviously, showing the data and explaining it nicely isn’t working. Trump supporters learn by instruction and observation. But Biden voters are those who have to pee on the electric fence to be jolted into reality. Fortunately, one good zap is memorable.

Lorey
3 months ago
Reply to  Glee

No with dems u need multiple jolts 2 awaken them. Its obummer all over again

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