Jobless Claims Hit New High in US Under Biden

Jobless Claims Hit New High in US Under Biden

(WatchDogReport.org) – The economy has been doing relatively well lately, but something is causing some concern: the new jobless claims. Now, there’s some worry this might be a trend under President Joe Biden.

On Thursday, April 8, the Labor Department released the latest jobless numbers, and they rose to 744,000 new claims in the week that ended on April 3. The week prior saw 719,000 new claims. Economists predicted they would drop both of those weeks, but they remained stunningly high.

The latest numbers come as the Biden administration starts trying to sell its infrastructure package to the American people. Within the package is a tax increase on corporations. Taxing the job creators in the country during a pandemic that caused businesses of all types to lose money seems like a really bad idea. If the president insists on raising taxes while the jobless rate rises, that could hurt American families even more than they’re hurting now.

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