The U.S. Labor Department reported that 266,000 jobs were created in April and that the unemployment rate came in at 6.1%. The unemployment rate for March was 6% and ticked up in April because 430,000 people started looking for jobs and not all could find work. The department also lowered March's job numbers from the reported 916,000 to 770,000 jobs created. And as usual the GOP and their allies tried to paint the jobs report in a negative view because some economists were predicting higher numbers.
But the facts tell us the recovery from the recession and pandemic has been uneven all along because of the many factors that were severe. The Biden administration realized that and that is why President Biden is proposing other legislation to boost job creation, the economy and lower unemployment with his infrastructure proposal. It is a key piece of legislation that is needed now for the economy.
A review of some facts that is taking place shows the following; In President Biden' first full 3 months in office, Feb. - April 2021 1,504,000 jobs have been created. That is a monthly average of 501,000 jobs created. In President Trump's first full 3 months in office, Feb. - April 2017 544,000 jobs were created. That is a monthly average of 181,333 jobs created. In Trump's last 3 months in office, Nov. - Jan. 2021, 154,000 jobs were created. That is a monthly average of 51,333 jobs created.
So President Biden has done a better job in creating jobs than President Trump even before and after the recession and pandemic and Trump inherited an economy that was in its 77th month of economic expansion and job growth. And every one knows the sad state of the economy and job creation that Biden inherited. The data tells us the economy is recovering slow but sure as more and more phases of the economy will continue to kick in and move the process farther.
The data also shows that April's job numbers were not weak and that the negative voices who over estimated their predictions should stop playing politics with the economy. In the mean time, congress needs to pass infrastructure legislation and move past the negative talk.
This commentary written by Joe Lorio
