April Job's Report Disappoints
Worse Than Expected Job's Report for April
Last Friday, the US reported their April's Job Reports. The results where terrible compared to expectations and unemployment rose.
- Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000.
- The unemployment rate rose to 6.1%, the Labor Department said.
- Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.