Miner Company
April Jobs Report: Scratch This Surface
The labor market report for April was a pleasant surprise, with the unemployment rate unchanged and additions to non-farm payrolls, but scratch below the surface and the weakness begins to show. Continued contraction in the labor force and weak revisions to past non-farm payroll data suggest that the jobs market isn't quite as strong as it appears.
The labor market report for April was a pleasant surprise, with the unemployment rate unchanged and additions to non-farm payrolls, but scratch below the surface and the weakness begins to show. Continued contraction in the labor force and weak revisions to past non-farm payroll data suggest that the jobs market isn't quite as strong as it appears.