Though the U.S. appears to be on track to vaccinate a majority of the country in its effort to return the country to normal, the latest U.S. jobs report represents a large setback for the economy and for the sentiment surrounding the economy and stock market.
Recently, a jobs report was released that was wildly disappointing for both sides of the aisle. Over 1 million jobs were expected to be added to the economy, but the actual number fell well short, at only 266,000.
Rep. August Pfluger directed harsh words toward the White House and the president, blaming them for the poor performance.
"Instead of the 1 million jobs we expected in the month of April, we gained only 266,000—the worst disappointment in decades. @POTUS push to incentivize unemployment and increase the welfare state is already having a devastating impact on our economy," Pfluger tweeted.
Pfluger, a Replublican from San Angelo, has claimed that the Democrats' advocacy of unemployment and welfare benefits has created a lack of incentive to work, which is stifling the economy and costing taxpayers millions each day.
According to Fast Company, the industries that saw the greatest rise in jobs this month were leisure and hospitality. Markets had a mild reaction to the news, implying that the report was already priced in.