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April Jobs Report Falls Far Short of Expectations

Wibbitz Top Stories
Wibbitz Top Stories
April Jobs Report , Falls Far Short of Expectations.
According to the report released
May 7 by the Bureau of Labor, the U.S.
economy added 266,000 jobs in April.
With millions of vaccinations occurring daily,
economists were expecting an
addition of closer to one million jobs.
The data was released on the
one year anniversary of the worst job loss
for any month in America's history.
Even with the underwhelming job additions in April, economists largely struck an optimistic tone.
With most of the high-frequency indicators still pointing to further improvement and jobless claims falling like a stone in recent weeks ... we doubt that it signals the recovery is at risk, Economist Michael Pearce, Capital Economics, via CNN.
Jobless claims for the last week
of April dipped below 500,000 for the
first time since the beginning of the pandemic.
Economists predict that the jobs data for
April could be a sign of drastic and not yet
understood changes to the job market