Unemployment Rises In April As Biden Promotes Tax Hikes

Official numbers from the federal Bureau of Labor Statistics show unemployment rose in the month of April as hiring fell far short of estimates. Republicans argue that President Joe Biden’s proposed tax hikes would only worsen the problem.

U.S. Capitol Building At Night

Photo Credit: Gage Skidmore / CC

Published May 10, 2021

The Center Square [By Casey Harper] –

Official numbers from the federal Bureau of Labor Statistics show unemployment rose in the month of April as hiring fell far short of estimates.

BLS reports that the U.S. added 266,000 nonfarm jobs in April, disappointing experts. The unemployment rate rose to 6.1%, jeopardizing hopes of an economic rebound as vaccinations rise. Economists predicted adding 1 million jobs to the U.S. economy but saw little more than a quarter of that, the slowest jobs increase this year since January.

“In April, nonfarm employment is down by 8.2 million, or 5.4 percent, from its pre-pandemic level in February 2020,” BLS said.

Late March marked the one-month anniversary of a major spike in unemployment last year. In the thralls of the pandemic in April 2020, unemployment jumped to 14.7%, the highest spike since BLS began recording data in 1948.

“These measures are down considerably from their recent highs in April 2020 but remain well above their levels prior to the coronavirus…” the agency said. “Among the unemployed, the number of persons on temporary layoff, at 2.1 million, changed little in April. This measure is down considerably from the recent high of 18.0 million in April 2020 but is 1.4 million higher than in February 2020.”

Economists expected better job numbers for the month after promising data in March suggested the economy was rebounding from the pandemic.

During the pandemic, the number of Americans who telework has increased and was at 18.3% for April of this year.

“Notable job gains in leisure and hospitality, other services, and local government education were partially offset by employment declines in temporary help services and in couriers and messengers,” the agency said.

Republicans argue that President Joe Biden’s proposed tax hikes would only worsen the problem. The president has proposed a series of tax increases to fund his several trillion-dollar spending plans.

“Biden’s slow walking of reopening the economy is killing jobs and hurting the economic recovery,” said the Republican National Committee’s research arm. “Biden’s plan to hike taxes will hurt the recovery even more.”

Keep Tennessee Conservative - The Tennessee Conservative -Donate

About the Author:

Casey Harper, D.C. Bureau Reporter

Casey Harper is a Senior Reporter for the Washington, D.C. Bureau. He previously worked for The Daily Caller, The Hill, and Sinclair Broadcast Group. A graduate of Hillsdale College, Casey’s work has also appeared in Fox News, Fox Business, and USA Today.

One thought on “Unemployment Rises In April As Biden Promotes Tax Hikes

  • May 10, 2021 at 3:41 pm
    Permalink

    Businesses aren’t hiring because they can’t get applicants!!!!!!
    The extended unemployment checks are destroying the available work force!
    How about giving a tax break incentive to those that go work everyday, instead of gifting those deadbeats that choose to stay at home???

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *