{"id":2236342,"date":"2024-05-03T10:43:02","date_gmt":"2024-05-03T14:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-jobs-numbers-come-in-lower-than-expected-unemployment-rate-rises\/"},"modified":"2024-05-03T10:45:45","modified_gmt":"2024-05-03T14:45:45","slug":"new-jobs-numbers-come-in-lower-than-expected-unemployment-rate-rises","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-jobs-numbers-come-in-lower-than-expected-unemployment-rate-rises\/","title":{"rendered":"Latest Job Data Shows Lower Than Anticipated Numbers, Increase in Unemployment Rate"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnew-jobs-numbers-come-in-lower-than-expected-unemployment-rate-rises%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2236342&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Labor Department&#8217;s April \u200bjobs report revealed challenging news for President Joe Biden&#8217;s economy,\u2064 with signs of a cooling labor\u200d market. Despite minor changes in the unemployment rate, only 175,000 jobs were added, below expectations and previous gains. \u2064Analysts \u2063debate the implications, including potential effects on inflation \u200cand interest\u200c rates. Economic stability faces scrutiny amid evolving labor trends.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/georgeupper\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/georgeupper\/%20\"><span>George C. Upper III<\/span><\/a> <\/span> <span>   May 3, 2024 at 6:51am <\/span> <\/span>  <\/header>\n<section>\n<p>The Labor Department released its April jobs report on Friday, and the news wasn\u2019t good for President Joe Biden\u2019s economy.<\/p>\n<p>After a number of months of relatively positive news, the new data showed that the labor market may be cooling off.<\/p>\n<p>That could be good news for U.S. inflation \u2014 if the trends continue \u2014 but a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hiring-growth-slows-with-economy-adding-236k-jobs-in-march\/\" title=\"Hiring Growth Slows With Economy Adding 236k Jobs in March\">weaker jobs market<\/a> is unlikely to boost Biden\u2019s re-election chances in November.<\/p>\n<p>\u201cTotal nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today,\u201d a <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\" rel=\"noopener\">news release<\/a> from BLS said.\u201d Job gains occurred in health care, in social assistance, and in transportation and warehousing.\u201d<\/p>\n<p>While the <a href=\"https:\/\/www.westernjournal.com\/something-will-give-imf-issues-dire-warning-biden-administration\/\" target=\"_blank\" rel=\"noopener\">Biden administration<\/a> may characterize the unemployment rate change as \u201clittle,\u201d the fact remains is that it was up from 3.8 percent in March.<\/p>\n<p>More importantly, the economy added only 175,000 jobs in April, after the statistics were \u201cadjusted\u201d for the time of year, which was significantly below March\u2019s 300,000 job gains.<\/p>\n<p>It also came in under economists\u2019 expectations, according to <a href=\"https:\/\/www.wsj.com\/economy\/jobs\/jobs-report-april-unemployment-a8a1ac1a?mod=breakingnews\" target=\"_blank\" rel=\"noopener\">The Wall Street Journal<\/a>.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/us-jobs-report-april-2024\" target=\"_blank\" rel=\"noopener\">Fox News<\/a> noted that economists had predicted 243,000 new jobs for April, and that job creation in April was the worst since October.<\/p>\n<p>Wages also rose at a slower rate in April, up 3.9 percent over last year, compared to 4.1 percent in March.<\/p>\n<div id=\"firefly-poll-container\">\n<p>Have Biden\u2019s policies hurt the economy?<\/p>\n<\/p><\/div>\n<p>\u201cFriday\u2019s report is sure to stir immediate debate among economists and investors about whether the labor market is merely cooling in a welcome fashion or starting to show more serious strains under the pressure of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-as-congress-for-billions-to-help-other-countries-debt-relief-climate-change-initiatives\/\" title=\"Janet Yellen As Congress For Billions To Help Other Countries\u2019 \u2018Debt Relief,\u2019 \u2018Climate Change\u2019 Initiatives\">higher interest rates<\/a>,\u201d the Journal suggested.<\/p>\n<p>\u201cBefore Friday, recent data had shown remarkable stability in the labor market,\u201d the report added.<\/p>\n<p>The Journal also noted that stock futures rose after the BLS report was released, which may be due to investors finding hope in the data that <a href=\"https:\/\/www.westernjournal.com\/bidenomics-inflation-killing-american-dream-100k-no-longer-enough-survive-states\/\" target=\"_blank\" rel=\"noopener\">inflation<\/a> would be reined in by a cooling labor market.<\/p>\n<p>However, labor trends can turn on a dime, the Journal noted, especially as \u201c[d]emand for workers has already cooled.\u201d<\/p>\n<p>Fed Chair <a href=\"https:\/\/www.westernjournal.com\/federal-reserves-latest-announcement-delivers-killer-blow-bidens-re-election\/\" target=\"_blank\" rel=\"noopener\">Jerome Powell<\/a> said Wednesday that he didn\u2019t expect to cut interest rates in the immediate term because of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-faith-in-the-economy-plummets-further-as-inflation-grows\/\" title=\"Americans\u2019 Faith In The Economy Plummets Further As Inflation Grows\">higher inflation rates<\/a>.<\/p>\n<p>However, he also noted that \u201cofficials are prepared to respond to unexpected weakening in the labor market,\u201d which could indicate a willingness to chop rates in the event of a worsening <a href=\"https:\/\/www.westernjournal.com\/biden-claims-303k-new-jobs-march-shocking-real-numbers-embarrass-admin\/\" target=\"_blank\" rel=\"noopener\">jobs market<\/a>.<\/p>\n<p>He also \u201csuggested\u201d that rates were unlikely to go up any time soon, according to the Journal.<\/p>\n<p>\u201cFollowing a steady stream of sticky inflation data in recent months, today\u2019s much-weaker-than<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/strength-of-u-s-dollar-slips-after-poor-jobs-report\/\" title=\"Strength Of U.S. Dollar Slips After Poor Jobs Report\">-expected jobs report<\/a> had to bring smiles to the faces of the Fed board,\u201d Chris Larkin, managing director, trading and invest at E*Trade, told Fox.<\/p>\n<p>\u201cIt may not put a June rate cut back on the table, but unless it turns out to be an anomaly, it will increase the odds that the Fed will be able to get in at least one cut this year,\u201d he added.<\/p>\n<hr>\n<div>\n<p><b><i>An Important Message from Our Staff:<\/i><\/b><\/p>\n<p><i><span>In just a few months, the world is going to change forever. The 2024 election is the single most important election of our lifetime. <\/span><\/i><\/p>\n<p><i><span>We here at The Western Journal are committed to covering it in a way the establishment media simply will not: We will tell the truth, and they will lie.<\/span><\/i><\/p>\n<p><i><span>But Big Tech and the elites don\u2019t want the truth out. That\u2019s why they have cut us off from 90% of advertisers. Imagine if someone cut your monthly income by 90%. That\u2019s what they\u2019ve done to people like us. <\/span><\/i><\/p>\n<p><i><span>As a staff, we are asking you to <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>join us<\/span><\/i><\/a><i><span>  to fight this once-in-a-lifetime fight. Without you not only will The Western Journal fail, but America will fail also. As Benjamin Franklin said, \u201cWe must all hang together, or assuredly we shall all hang separately.\u201d<\/span><\/i><\/p>\n<p><i><span>Will you support The Western Journal today and <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>become a member<\/span><\/i><\/a><i><span>? <\/span><\/i><\/p>\n<p><i><span>A Western Journal <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Membership<\/span><\/i><\/a><i><span>  costs less than one coffee and breakfast sandwich each month, and it gets you access to ALL of our content \u2014 news, commentary, and premium articles. You\u2019ll experience a radically reduced number of ads, and most importantly you will be vitally supporting the fight for America\u2019s soul in 2024.<\/span><\/i><\/p>\n<p><i><span>This is the time. America will live or die based on what happens this year. Please <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>join us<\/span><\/i><\/a><i><span>  to get the real truth out and to fight the elites, Big Tech, and the people who want America to fail. Together, we really can save the country.<\/span><\/i><\/p>\n<p><b><i>Thank you for your support!<\/i><\/b><\/p>\n<p><i><span>P.S. <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Please stand with us<\/span><\/i><\/a><i><span>!<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-44802\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/georgeupper\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-44802\">Summary<\/label><label for=\"more-info-tab-radio-44802\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-44802\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-44802\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>George Upper is the former Editor-in-Chief of The Western Journal and was a weekly co-host of &#8220;WJ Live,&#8221; powered by The Western Journal. He is currently a contributing editor in the areas of faith, politics and culture. A former U.S. Army special operator, teacher and consultant, he is a lifetime member of the NRA and an active volunteer leader in his church. Born in Foxborough, Massachusetts, he has lived most of his life in central North Carolina.<\/p>\n<\/p><\/div>\n<div>\n<p>  George Upper, is the former editor-in-chief of The Western Journal and is now a contributing editor in the areas of faith, politics and culture. He currently serves as the connections pastor at Awestruck Church in Greensboro, North Carolina. He is a former U.S. Army special operator, teacher, manager and consultant. Born in Massachusetts, he graduated from Foxborough High School before joining the Army and spending most of the next three years at Fort Bragg. He holds bachelor&#8217;s and master&#8217;s degrees in English as well as a Master&#8217;s in Business Administration, all from the University of North Carolina at Greensboro. He and his wife life only a short drive from his three children, their spouses and his grandchildren. He is a lifetime member of the NRA and in his spare time he shoots, reads a lot of Lawrence Block and John D. MacDonald, and watches Bruce Campbell movies. He is a fan of individual freedom, Tommy Bahama, fine-point G-2 pens and the Oxford comma. <\/p>\n<p>  Birthplace <\/p>\n<p>  Foxborough, Massachusetts <\/p>\n<p>  Nationality <\/p>\n<p>  American <\/p>\n<p>  Honors\/Awards <\/p>\n<p>  Beta Gamma Sigma <\/p>\n<p>  Education <\/p>\n<p>  B.A., English, UNCG; M.A., English, UNCG; MBA, UNCG <\/p>\n<p>  Location <\/p>\n<p>  North Carolina <\/p>\n<p>  Languages Spoken <\/p>\n<p>  English <\/p>\n<p>  Topics of Expertise <\/p>\n<p>  Faith, Business, Leadership and Management, Military, Politics <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 3, 2024, at 6:51 am, the Labor Department disclosed discouraging news in the April jobs report for President Joe Biden\u2019s economy. Despite previous favorable updates, the recent data indicates a potential slowdown in the labor market, raising concerns about economic trends<\/p>\n","protected":false},"author":2010,"featured_media":2236343,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Roofers.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2236342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Roofers.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2236342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2010"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2236342"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2236342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2236343"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2236342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2236342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2236342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}