The Biden-Harris recession has begun.
The U.S. unemployment rate rose in April, after eleven months of solid gains. The economic slowdown occurred despite the massive 1.9 trillion dollar stimulus bill signed by Biden in March, the pork-barrel nature of which I detailed section-by-section here.
The totals were off from economist’s expectations by over 700,000 jobs. Following the coronavirus-induced recession that began in April, unemployment under President Trump had dropped by 8.5 percent over nine months, a national growth rate unheard-of in American history.