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.

A separate report from CNN warned that “if you haven’t felt [inflation] yet, it’s coming.”

CNN’s @ChristineRomans: “If you haven’t felt it yet, it’s coming. You can expect higher prices for toilet paper, diapers, soft drinks, plane tickets, a tank full of gas. Whirlpool is raising prices of some of its appliances by up to 12% …” pic.twitter.com/02JnIf4b4s

— Tom Elliott (@tomselliott) May 7, 2021

I cannot emphasize enough how much inflation there is right now – not just risk, but already here.

Just in 2021 the cost to get products here has skyrocketed, and that’s not including the huge jumps in the costs of materials.

The landed cost of my products are up 25%+ in 2021. https://t.co/aXoXIMMZWG

— Josh Jordan (@NumbersMuncher) May 7, 2021

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

The Daily Wire is one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.