Nothing but the sharpest minds in the Biden administration.
President Joe Biden’s economic adviser Cecilia Rouse blamed the bad April jobs report on Easter being in March, during the White House press briefing on 5/14/2021. Easter was, of course, in April, but whatever.
Hiring plunged in the month of April, with nonfarm payrolls increasing by a much less than expected 266,000.
The unemployment rate rose to 6.1%, the Labor Department said.
Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.
