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Job Growth Slowed in April, Muddling Expectations
The increase of 266,000 fell far short of estimates, though strong economic growth is still forecast for the months ahead.
Home Chef, a meal-kit delivery service, has been snapping up employees at a rapid pace. Despite an underwhelming April jobs report, economists still predict a labor market recovery this year. Jenna Schoenefeld for The New York Times
By Patricia Cohen
May 7, 2021
The American jobs machine tottered last month, confounding optimistic forecasts of the labor market’s recovery and sharpening debates over the impact of federal pandemic-related jobless benefits on the nation’s work force.
Employers added 266,000 jobs in April, the government reported Friday, far below the gains registered in March. The jobless rate rose slightly, to 6.1 percent, as the labor force grew faster than the number of jobs.
The unemployment rate rose for the first time since April 2020.
{Chart}
The share of people who have looked for work in the past four weeks or are temporarily laid off, which does not capture everyone who is out of work because of the pandemic ...
{snip}
The increase of 266,000 fell far short of estimates, though strong economic growth is still forecast for the months ahead.
Home Chef, a meal-kit delivery service, has been snapping up employees at a rapid pace. Despite an underwhelming April jobs report, economists still predict a labor market recovery this year. Jenna Schoenefeld for The New York Times
By Patricia Cohen
May 7, 2021
The American jobs machine tottered last month, confounding optimistic forecasts of the labor market’s recovery and sharpening debates over the impact of federal pandemic-related jobless benefits on the nation’s work force.
Employers added 266,000 jobs in April, the government reported Friday, far below the gains registered in March. The jobless rate rose slightly, to 6.1 percent, as the labor force grew faster than the number of jobs.
The unemployment rate rose for the first time since April 2020.
{Chart}
The share of people who have looked for work in the past four weeks or are temporarily laid off, which does not capture everyone who is out of work because of the pandemic ...
{snip}
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