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Breaking: April Jobs Report Disappoints, Falls 800K Short of Projections
Reviewed by Diogenes
on
May 07, 2021
Rating:
U.S. job growth for the month of April fell far below what experts had predicted, as data reported Friday showed an increase of 266,000 jobs, versus an estimate of 1 million.
The U.S. unemployment rate rose slightly from 6.0 percent to 6.1. March's payroll gains were also revised downward by nearly 150,000 jobs, from an initial print of 916,000 to 770,000.
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