"Far below expectations:" Job growth slows and unemployment rises in April jobs report

The underemployment rate reached its highest point since November 2021. The number of people working multiple jobs to make ends meet increased by 8.8% over the last year, a 27.8% increase since Biden took office in January 2021. Wage growth is not keeping pace with inflation, leaving middle-class families struggling.--The jobs report for April paints a grim picture of the current state of the economy under the Biden administration. Despite predictions of a robust 243,000 job increase, the actual figure fell significantly short at 175,000—with eventual revisions expected to lower that number further. This disappointing figure is indicative of the broader economic issues plaguing the nation, with the underemployment rate reaching its highest point since November 2021. Furthermore, the number of people working multiple jobs to make ends meet has seen a significant increase. Over the past year, this figure has risen by 8.8%, and since President Biden took office in January 2021, it has surged by 27.8%. This trend underscores the economic hardship many Americans are facing under the current administration. -https://mxmnews.com/article/1fac31f2-f75e-4420-8990-320dc1adb263?utm_medium=email&utm_source=ncl_amplify&utm_campaign=240503-5324_mxm_news_newsletter&utm_content=ncl-SQaDWDFBwZ&_nlid=SQaDWDFBwZ&_nhids=ncMK0uP3HgKmdls

Good news for inflation and rate cuts in September 

  Bidenomics - all that needs to be said. . . 

Stock market liked it. Wages up.

https://www.bls.gov/news.release/eci.nr0.htm#:~:text=Wages%20and%20salaries%20increased%204.4,%2C%208%2C%20and%2012.)

This is an informative article that you may find interesting.

The US Economy's Stagflation Scare Is Over After Weak Q1 Jobs Report (businessinsider.com)

The people who uttered "stagflation" are the same people who said Obama faked the unemployment numbers when his economy recovered after the nightmare of George Bush.

Some people just have sour grapes when Democrat Administrations cleanup the mess left behind by their Repubican predecessors.

       Delusional  --- A delusion is a belief that is clearly false and that indicates an abnormality in the affected person's content of thought.

Allsides rates Business Insider as left; so of course they will parrot the biden line

Maybe the BI should wait until the April inflation report comes out before writing this article

The three attributes  of stagflation:

1) High Inflation

2) Low GDP growth

3) High unemployment.

The only one of those you could remotely make a case for is #1....and thats if you consider 3% inflation to be "high".     When we actually had stagflation in the 70's inflation was more than double that and numbers (2) and (3) were also manifested.

Its actually very difficult to achieve stagflation in the modern economy.    In the 70's it was mostly caused by our dependance upon Saudi Oil which was being constrained.   THe Saudi's  dont have that power over our oil supply anymore.  

So in summary - anyone who uses the term "stagflation" is just flat out lying.  And you dont have to take my word for it.  Donald Trump's appointed FED chairman spells it out.

Jerome Powell dismisses ridiculous stagflation narrative from sour grapes losers on the right.

And this is where Tom tells us Jerome Powell is a liberal, Deep State boogeyman.

Allsides rates them as leans left, so in your world any article they write should automatically be ignored? I believe this is the big reason MAGA folks are so ill-informed, some still believe the election was stolen, and some don't even know that Fox News paid $787 million so their lies about Dominion wouldn't come out in court. Foxnews.com never covered that fact.

I read Fox News, which helps me think about some issues from a different perspective.

Whether you agree with Business Insiders analysis of the Jobs Report, it seem that the stock market took it as a positive. Why would they wait until April inflation numbers come out before writing an article on the jobs report? They'll publish the news when it happens and that article may have an updated anaylsis of the economy going forward.

Stock Market Today: Dow closes 450 points higher after April jobs data, notching third straight week of gains (marketwatch.com)