27-April-2024
Economy News
 
US job growth misses all estimates in April; unemployment rate at 6.1%
08-May-2021

U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market. Payrolls increased 266,000 after a downwardly revised 770,000 March increase, according to a Labor Department report Friday that fell well short of projections. Economists in a Bloomberg survey projected a 1 million hiring surge in April. The unemployment rate edged up to 6.1%, though the labor-force participation rate also increased.

News Source:- https://www.business-standard.com/article/international/us-job-growth-misses-all-estimates-in-april-unemployment-rate-at-6-1-121050701100_1.html