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April Jobs Report

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April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers.

Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.

There was more bad news: March’s originally estimated total of 916,000 was revised down to 770,000, though February saw an upward revision to 536,000 from 468,000.
https://www.cnbc.com/2021/05/07/jobs...pril-2021.html

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