The Biden Administration’s attempts to tout the successes of the American Recovery Act to the American people were severely damaged this week with the release of the latest job numbers.
Published Friday by the U.S. Bureau of Labor, the latest numbers – 266,000 new jobs versus the touted million by economists – were not only underwhelming but downright embarrassing for the new administration.
This is the first time since the recovery period began that the country saw a rise in the unemployment rate, which rose to 6.1 percent.
However, the news isn’t bad for April alone. Biden’s Labor Department was also forced to walk back claims of a successful jobs report in March – removing nearly 200,000 jobs from the previous month’s total.
Yet, while Democrats tout Biden’s ability to create an FDR-like economy in a post-coronavirus world, the numbers and policies noted above make Biden’s push for an FDR-like economy less and less likely given how much Americans have suffered according to the latest report.
While the numbers show that nearly 10 million Americans could not go back to work because the pandemic had shut down or financially damaged their place of business, 1.5 million American mothers had left their jobs to become stay-at-home moms as schools remain closed. However, there is another reason for the high unemployment rate – some people don’t want to work. As reported by The Wall Street Journal, businesses are scrambling to find a workforce of able bodies willing to come in and do the job. As CNBC points out, business owners are, in part, blaming coronavirus release benefits targeting unemployed workers as a reason for the lack of workers.
In spite of all the bad news the Biden Administration received today, Republicans signal this may only be the beginning of the tumultuous times ahead. According to the Republican National Committee, Biden’s new family – and infrastructure-centered plan would increase spending by six trillion dollars, which would raise taxes on a majority of American small businesses, which would lead to lower wages. As the Tax Foundation notes, more than 500,000 full-time jobs would be lost due to the plan, with the economy shrinking, not growing with the new spending.