April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates
https://www.cnbc.com/2021/05/07/jobs-report-april-2021.htmlHiring 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.
