April jobs report falls far short of Biden’s target

The April job report is in, and the numbers of new hires gained is far below what the administration were hoping for. April added 266,000 to nonfarm payrolls, according to Reuters. The administration was looking for more than 700,000. The administration was looking to gain 2 million jobs during the first 100 days in office, and this report demolishes those hopes. CNN called it “a giant miss” for Biden. Reuters economists had “forecast payrolls advancing by 978,000 jobs.” The administration has made gains in the first quarter, but that’s after a pandemic year that saw more than 22 millions jobs…