On the recordMay 13, 2021
I am here on the floor to talk about the economy, what is going on, on the jobs front, and where we go from here. Last week, the Department of Labor issued its most recent jobs report. It showed that we added 266,000 jobs in April. That was about one quarter of what was predicted. It was disappointing. It shows that the job growth coming out of the pandemic has now slowed. There is a question as to why, since there are so many jobs out there. How is it that there can be so many jobs available, and yet we have such a disappointing April jobs report? The demand for workers is certainly high. The other thing going on out there is that we have creeping inflation. We learned this past week that the Consumer Price Index rose 4.2 percent between April 2020 and April 2021. So the year, April to April, is the highest 12-month increase going back to the summer of 2008. There is this whole debate going on about whether there is inflation or not. Well, I would ask you to talk to your constituents because they will tell you there is inflation. There is inflation at the gas pump; there is inflation at the grocery store; there is inflation if you are trying to build something. There is inflation throughout the economy right now, and that should concern every American. It is because of policy choices, but it doesn't have to be this way.…
Source
govinfo.gov




