Beltway Confidential

Slowed job growth shows weakness of Bidenomics

By Carter Schroppe
Published June 6, 2024 10:32am ET
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Slowed job growth shows weakness of Bidenomics
Job Seekers line up for interviews during a job fair Thursday, Sept. 1, 2011 in San Mateo, Calif. Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy is at risk of slipping into another recession. (AP Photo/Marcio Jose Sanchez)

Two pieces of labor market data released midweek depict a bleaker picture of the economy than the one commonly touted by President Joe Biden. 

A Bureau of Labor Statistics report from Tuesday showed that job openings fell to the lowest level in April since February 2021. The 8.06 million jobs available, down 300,000 from March, came in significantly lower than the 8.4 million jobs that were estimated. 

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Economy Joe Biden Labor Opinion