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The Left Tries to Talk Itself Out of Reality

by JD Rucker
May 10, 2021
Z-Flu

Click here to view original web page at www.commentarymagazine.com

As the nation finally began to emerge from the depths of the worst COVID surge since the onset of the pandemic this past winter, Americans went back to work in droves. Over the course of March, an estimated 916,000 people were added to nonfarm payrolls, blowing past estimates that anticipated just 675,000 new jobs. January and February were revised upward, too, showing that 156,000 more jobs were created in those months than we thought at the time.

Thus, the experts abandoned their priors. April would surely outpace even March’s surging job market. With warmer weather and precipitously declining COVID case rates as the fully vaccinated population approaches the point of saturation, the conventional wisdom understood that the U.S. would add around 1 million new jobs to the rolls last month. But that’s not what happened. Only 266,000 new jobs were created in April. Worse, March’s numbers were revised downward by nearly 150,000 jobs.

The moment that shockingly disappointing report dropped, a consensus formed around the obvious reason why the job market failed to keep pace with state-level reopening initiatives and declining rates of COVID infections around the country: overly generous unemployment benefits.

Bath Robes

Click here to view original web page at www.commentarymagazine.com



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  • About Us
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  • About Us
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  • We’re not trying to be the new Drudge. We are building something better.

© 2020 Conservative Playlist - A Drudge Report replacement with news, videos, and podcasts.

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