The Big GuyBiden
...46th president of the U.S. You're a lyin' dog-faced pony soldier...
is already leaving his imprint on the economy. Job growth was "unexpectedly" slow, and unemployment climbed, despite a massive shortage of workers.
When the Bureau of Labor Statistics reported the jobs numbers for April, the press seemed stunned. Only 266,000 jobs were created, which is 800,000 below forecasts. The job creation number for March had to be revised down by 146,000. And unemployment ticked up for the first time since the lockdown.
The New York Times
...which still proudly displays Walter Duranty's Pulitzer prize...
said that "Jobs Report Shows Surprising Slowdown in Hiring." Another said "New Jobs Report Shocks Experts With Unexpected Hiring Lag."
Biden himself felt the need to defend himself on Friday, saying that the economy is improving despite the lousy numbers, tried to convince the public that the recovery would be a slog (while also bragging about how great he’s doing), and said more government help is needed.
The fact that anyone is surprised by the jobs numbers, or that anyone thinks more government intervention is needed, would shock us if we weren’t so used to rampant economic illiteracy.