US jobs grow slower than expected AGAIN: 559,000 were added in May compared to an expected 670,000 amid criticism over Biden’s $300-a-week unemployment benefits
The U.S. economy added fewer jobs than expected in May amid criticism President Biden’s $300-a-week unemployment benefits are discouraging people to return to work.
The U.S. economy added 559,000 jobs in May, lower than the expected 675,000. The unemployment rate fell to 5.8 percent.
The April jobs report also showed growth had unexpectedly slowed, with employers adding only 266,000 workers.
At the time, Biden said the U.S. was ‘still digging out of an economic collapse.’
He used the numbers to argue that more spending was necessary.
‘We knew this wouldn’t be a sprint – it’d be a marathon,’ the president said.
He also insisted it was wrong to believe Americans weren’t looking for work.
‘Second, today’s report is a rebuttal for loose talk that Americans just don’t want to work,’ he said. ‘I know some employers are having trouble filling jobs. But what this report shows is that there’s a much bigger problem.’
The U.S. economy added fewer jobs than expected in May amid criticism President Biden’s $300-a-week unemployment benefits are discouraging people to return to work