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Jobs Tag

The April jobs report showed the U.S. added only 266,000 jobs during the month and the unemployment ticked up to 6.1%. Economists are usually off the mark, but holy cow. They predicted 978,000 job growth and unemployment of 5.8%. I have never seen such a huge difference between prediction and numbers. Miserable considering the U.S. started to see some growth at the end of former President Donald Trump's term.

The United Auto Workers (UAW) told Ford employees at an Ohio plant the company wants to move production of a new line to Mexico instead of their Ohio Assembly Plant (OHAP). Ford has not made its decision public, but the union insists it received "strategically limited information," and the situation is "rapidly evolving."

It's astounding that one of Joe Biden's first acts as president was to destroy thousands of jobs with the stroke of a pen. The people who lost their ability to provide for their families have spoken out, but their objections have fallen on deaf ears. Republicans, who are increasingly embracing working-class voters, are planning to make the Democrats pay a political price for this.

Joe Biden has been president for a little over two weeks, and it already feels like six months. I knew that when Democrats and the media kept claiming that Biden would return to normalcy, it was a lie, but I didn't realize how bad it would be. It's a disaster on multiple levels.

Last week's unemployment claims went up by 181,000 to 965,000, which is another sign the economy is having a tough time with COVID-19 spikes. This is the biggest jump since August.

Congress will vote Monday night on a COVID-19 relief bill worth $900 billion along with a $1.4 trillion spending bill to cover the remainder of the 2021 Fiscal Year. The Democrats wanted a $2.2 trillion COVID-19 relief bill before the election, but Republicans offered $900 billion. The left only agreed to that amount after their guy won the presidential election.