{"id":482421,"date":"2021-05-07T18:05:45","date_gmt":"2021-05-07T22:05:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=482421"},"modified":"2021-05-07T18:05:48","modified_gmt":"2021-05-07T22:05:48","slug":"bidens-economy-gets-more-bad-news-number-of-jobs-added-in-march-gets-drastically-cut","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economy-gets-more-bad-news-number-of-jobs-added-in-march-gets-drastically-cut\/","title":{"rendered":"Biden\u2019s Economy Gets More Bad News: Number Of Jobs Added In March Gets Drastically Cut"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/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%2Fbidens-economy-gets-more-bad-news-number-of-jobs-added-in-march-gets-drastically-cut%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=482421&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--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Biden-4-1200x800-1.jpg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p>Democrat President Joe Biden\u2019s economy got even worse news on Friday following April\u2019s disastrous jobs report as the number of new jobs that were added in March has been significantly revised down.<\/p>\n<p>Bloomberg News <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2021-05-07\/jobs-report-shocking-miss-rips-up-traders-playbooks\">reports<\/a>:<\/p>\n<blockquote readability=\"12\">\n<p><em>The increase of 916,000 jobs in March was revised down to 770,000, meaning that the net number of people employed over the past month, relative to what was known just hours ago, was a mere 120,000.<\/em><\/p>\n<\/blockquote>\n<p>The news followed the stunning report that only 266,000 jobs were added in April, more than 700,000 jobs short of what some projections had forecast.<\/p>\n<p>The black unemployment rate\u00a0<a href=\"https:\/\/data.bls.gov\/timeseries\/LNS14000006\">increased<\/a>, 18,000 manufacturing jobs were\u00a0<a href=\"https:\/\/data.bls.gov\/timeseries\/CES3000000001?output_view=net_1mth\">lost<\/a>,\u00a0<a href=\"https:\/\/data.bls.gov\/timeseries\/CES2000000001?output_view=net_1mth\">no construction<\/a>\u00a0jobs were added, unemployment for\u00a0<a href=\"https:\/\/data.bls.gov\/timeseries\/LNS14027660\">Americans without<\/a>\u00a0any\u00a0<a href=\"https:\/\/data.bls.gov\/timeseries\/LNS14027659\">college education<\/a>\u00a0increased, and women had a\u00a0<a href=\"https:\/\/twitter.com\/TCPigott\/status\/1390669328928940034\">net loss<\/a> in jobs. The U.S. Bureau of Labor Statistics\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\">said<\/a>\u00a0that nearly 10 million Americans, 9.8 million to be exact, remained unemployed in Biden\u2019s economy.<\/p>\n<p>\u201cToday, there\u2019s more evidence our economy is moving in the right direction,\u201d Biden claimed, later adding, \u201cThis month\u2019s job numbers show we\u2019re on the right track.\u201d Biden cautioned that the economy still had a long way to go and that his focus was \u201cgrowing the nation\u2019s economy and creating jobs.\u201d<\/p>\n<p>Biden\u2019s remarks come as the jobs report was\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/breaking-unemployment-rate-increases-numbers-way-worse-than-expected-talk-of-inflation-grows\">described<\/a>\u00a0in various media reports as a \u201chuge letdown,\u201d \u201cway worse than expected,\u201d and \u201cthe biggest miss, relative to expectations, in the history of the payrolls report.\u201d<\/p>\n<p>The numbers were so bad that one CNBC host\u00a0<a href=\"https:\/\/thefederalist.com\/2021\/05\/07\/april-job-numbers-are-so-bad-cnbc-thought-it-was-a-typo\/\">thought<\/a> the numbers were perhaps wrong because of how low they were.<\/p>\n<p>Biden faced criticism online over the jobs report. Donald Trump Jr. mocked Biden, saying that he was not \u201cthe next FDR,\u201d but was \u201cthe next Jimmy Carter.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"7.1698113207547\">\n<p lang=\"en\" dir=\"ltr\">Biden isn\u2019t the next FDR he\u2019s the next Jimmy Carter.<\/p>\n<p>\u2014 Donald Trump Jr. (@DonaldJTrumpJr) <a href=\"https:\/\/twitter.com\/DonaldJTrumpJr\/status\/1390698885555712004?ref_src=twsrc%5Etfw\">May 7, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cCongratulations President Biden \u2013 you have achieved the progressive utopia,\u201d Fox Business host Charles Payne said. \u201cAt least 7.4 million job openings but only 266,000 people got a job last month.\u201d<\/p>\n<p>\u201cThe April jobs report illustrates what we already knew \u2014 our America First administration was bringing jobs back and building the strongest economy we\u2019ve had in decades,\u201d Mike Pompeo, former secretary of state and former CIA director, tweeted. \u201cBiden\u2019s big government economy is crushing jobs.\u201d<\/p>\n<p>The coverage that Biden received at news organizations across the political spectrum was universally negative:<\/p>\n<ul>\n<li>Fast Company: \u201cSorry, but today\u2019s jobs report sucked. Here\u2019s what you need to know\u201d<\/li>\n<li>The New York Times: \u201cThe Jobs Report: The Boom That Wasn\u2019t\u201d<\/li>\n<li>The Washington Post: \u201cEconomy picked up just 266,000 jobs in April, well below expectations as economy struggles to rebound\u201d<\/li>\n<li>Yahoo News: \u201cApril jobs report: Payrolls rose by 266,000, sharply missing estimates, as unemployment rate increased to 6.1%\u201d<\/li>\n<li>Slate: \u201cThe Jobs Report Was Shockingly Bad. Please Don\u2019t Overreact.\u201d<\/li>\n<li>Vox: \u201cDon\u2019t freak out about the jobs report yet\u201d<\/li>\n<li>Fox Business: \u201cUS hiring sharply misses expectations in April with just 266,000 new jobs added\u201d<\/li>\n<li>CNN Business: \u201cMajor disappointment: America added way fewer jobs than expected in April\u201d<\/li>\n<li>Axios: \u201cU.S. adds just 266,000 jobs in April, far below expectations\u201d<\/li>\n<li>MSNBC: \u201cJob growth in April falls short, jolts debate over Biden\u2019s plans\u201d<\/li>\n<li>Newsweek: \u201cJoe Biden\u2019s April Jobs Report Posts Biggest Miss During Presidency\u201d<\/li>\n<\/ul>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democrat President Joe Biden\u2019s economy got even worse news on Friday following April\u2019s disastrous jobs report as the number of new jobs that were added in March has been significantly &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2277556,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Biden-4-1200x800-1.jpg","fifu_image_alt":"Biden\u2019s Economy Gets More Bad News: Number Of Jobs Added In March Gets Drastically Cut","footnotes":""},"categories":[],"tags":[],"class_list":["post-482421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Biden-4-1200x800-1.jpg","fifu_image_alt":"Biden\u2019s Economy Gets More Bad News: Number Of Jobs Added In March Gets Drastically Cut","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/482421","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=482421"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/482421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2277556"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=482421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=482421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=482421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}