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U.S. job growth totaled 175,000 in April,
much less than expected, while unemployment
rose to 3.9%

Original Article

Posted By: NorthernDog, 5/3/2024 9:30:45 AM

The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, raising hopes that the Federal Reserve will be able to cut interest rates in the coming months. Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from the Dow Jones consensus, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%. (Snip) The jobless rate tied for the highest level since January 2022. A more encompassing rate that includes discouraged workers and those holding part-time jobs for economic


I remember Old Joe said it's all about that 3-letter word: J-O-B-S.

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Reply 1 - Posted by: downnout 5/3/2024 9:41:37 AM (No. 1711094)
The dreaded word …. unexpected.
3 people like this.

Reply 2 - Posted by: formerNYer 5/3/2024 10:29:14 AM (No. 1711133)
unexpected by liberal media outlets only, because they are brainless
3 people like this.

Reply 3 - Posted by: MickTurn 5/3/2024 11:36:39 AM (No. 1711201)
Joey stumbling and Lying his way into History as the WORST pResident ever!
2 people like this.

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U.S. job growth totaled 175,000 in April,
much less than expected, while unemployment
rose to 3.9%
3 replies
Posted by NorthernDog 5/3/2024 9:30:45 AM Post Reply
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, raising hopes that the Federal Reserve will be able to cut interest rates in the coming months. Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from the Dow Jones consensus, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%. (Snip) The jobless rate tied for the highest level since January 2022. A more encompassing rate that includes discouraged workers and those holding part-time jobs for economic
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