US economy picks up just 266,000 April jobs as hiring slows sharply

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  • Numbers far short of the 1m jobs Wall Street had anticipated
  • Suggests US businesses struggling to find enough workers

The US economy added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economic recovery strengthens.

The result was a lot weaker than expected – far shy of the Wall Street consensus of nearly one million new jobs.

#NFP growth for April comes in at disappointing +266K
The unemployment rate was UP to 6.1 %
Wow!
Now we go look under the hood and see what happened on a sectoral basis.
Also, watch here and @jobqualityindex in about 15 minutes for the #JQInstant.

Related: ‘No one wants to work anymore’: the truth behind this unemployment benefits myth

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