Home Economy Weak U.S. jobs report spurs new arguments over big government spending

Weak U.S. jobs report spurs new arguments over big government spending

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President Joe Biden insists an unexpected slowdown in companies’ hiring is clear new proof the U.S. needs the multitrillion-dollar federal boost he’s pushing. But his sales effort is challenged by critics who say Friday’s jobless figures show his earlier aid legislation — successfully rushed through Congress — is actually doing more harm than good.

Biden’s promised economic comeback hardly stalled on Friday. But it seemed to sputter a bit with a report that found merely modest April job gains of 266,000 and complicated his new $4 trillion push for infrastructure, education and children.
The employment report failed to show that the U.S. economy was accelerating so much as stutter-stepping along as the unemployment rate ticked up to 6.1%.

Economists had projected roughly one million added jobs last month, and the modest hiring indicated that the earlier $1.9 trillion coronavirus relief package has provided an uneven boost so far.

The…

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