April’s job growth missed estimates, as there were 175K new jobs created versus the 243K that were expected. Revisions to the data for February and March also shaved 22K jobs from those months combined while the unemployment rate rose to 3.9%. Overall, the data suggests softening in the labor sector, which could pressure the Fed… Read more
Tags: unemploymentrate
March’s job growth roared in above forecasts, as the BLS reported that 303K new jobs were created. Revisions to the data for January and February added 22K jobs to those months combined while the unemployment rate fell to 3.8%. However, a deeper dive into the numbers showed some weakness as losses in full-time jobs were… Read more
February job growth came in above forecasts, with 275K jobs created per the BLS. However, revisions to the data for December and January shaved a whooping 167K jobs from those months combined. The unemployment rate also rose from 3.7% to 3.9%, the first increase since October.