President Joe Biden delivers remarks on the April jobs report from the East Room of the White House in Washington, U.S., May 7, 2021.
Jonathan Ernst | Reuters
WASHINGTON — President Joe Biden on Friday said that April’s lower than expected job growth reveals that the U.S. economy is still struggling to recover from the Covid-19 pandemic, and that his massive infrastructure and family support bills are needed now more than ever.
“This month’s job numbers show we are on the right track,” said Biden. “But we still have a long way to go. My laser focus is on growing the nation’s economy and creating jobs. My laser focus is on vaccinating, and my laser focus is on one more thing: Making sure that hard working people in this country are no longer left out in the cold.”
Hiring slowed dramatically in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers.
Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.
Many economists had been expecting an even higher jobs number amid signs that the U.S. economy was roaring back to life.
— CNBC’s Jeff Cox contributed to this report.
This is a developing story, please check back for updates.