Unemployment under President Biden continued to rise through April, and experts have pointed to his reckless spending as a factor.
Recent financial reports indicate that the U.S. unemployment rate under President Biden continued to increase in April 2021.
CNBC and Bloomberg reported that the unemployment rate rose to 6.1% last month. Other mainstream media outlets have reported similar indications that the economy is struggling.
“If you haven’t felt [inflation] yet, it’s coming,” read one report from CNN. “You can expect higher prices for toilet paper, diapers, soft drinks, plane tickets, a tank full of gas,” CNN Chief Business Correspondent Christine Romans added. “Whirlpool is raising prices of some of its appliances by up to 12%.”
This is the biggest miss in the history of the jobs report, and Biden is to blame.
He won’t demand schools open, hurting women the most.
He destroyed energy jobs.
He wants massive tax hikes.
His policies are a disaster, and the last thing we need is $4 TRILLION more of them.
— Ronna McDaniel (@GOPChairwoman) May 7, 2021
The U.S. Chamber of Commerce also blamed the Biden administration’s stimulus spending for the decline in the economy.
“The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,” chamber officials said. “One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit. Based on the Chamber’s analysis, the $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working.”
Biden’s out-of-control spending has only further damaged our economy as we struggle with the ramifications of COVID-19 lockdowns. We need to continue supporting sensible, conservative leaders who will reduce national spending and help heal the economy to the benefit of all Americans.