The US Unemployment Report shows the economy is having difficulty under the Biden administration.
Released Friday morning, the unemployment report shows unemployment rates went up to 6.1%. Only 266,000 jobs were added in the month of April, which falls short of the 1 million job growth that was predicted.
Experts are starting to worry about inflation severely escalating. CNN Chief Business Correspondent Romans reported, “if you haven’t felt [inflation] yet, it’s coming.” “You can expect higher prices for toilet paper, diapers, soft drinks, plane tickets, a tank full of gas. Whirlpool is raising prices of some of its appliances by up to 12%.”
CNN’s @ChristineRomans: “If you haven’t felt it yet, it’s coming. You can expect higher prices for toilet paper, diapers, soft drinks, plane tickets, a tank full of gas. Whirlpool is raising prices of some of its appliances by up to 12% …” pic.twitter.com/02JnIf4b4s
— Tom Elliott (@tomselliott) May 7, 2021
This story is evolving.
