This week in Bidenomics: Shortages bite

Nobody saw this coming a year ago, when coronavirus shutdowns caused an abrupt recession: A shortage of workers and goods is now holding back the economy.
Economists expected employers to create around 1 million new jobs in April, and the unemployment rate to drop. But they added just 266,000 jobs, and the unemployment rate rose. A big part of the explanation: widespread shortages—including workers—that have cut into production.

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