Economy falls far short of expectations with just 266,000 jobs in April, unemployment rate rises to 6.1%
Posted on AllSides May 7th, 2021
From The Right
The economy added far fewer jobs than expected in April, just 266,000, and the unemployment rate rose slightly to 6.1%, the Bureau of Labor Statistics reported Friday.
The jobs numbers indicate that the pandemic recovery is not proceeding nearly as fast as was hoped. Forecasters had anticipated that the economy would add nearly 1 million nonfarm payroll jobs and that the unemployment rate would drop from March’s 6% down to 5.8%.
"This might be one of the most disappointing jobs reports of all time," said Nick Bunker, who leads North...
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