Economics
U.S. Job Growth Disappoints in Challenge to Economic Recovery
- Payrolls gain of 266,000 is among largest downside misses ever
- Hourly earnings also surprise but to upside with 0.7% jump
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.
U.S. job growth significantly undershot forecasts in April, suggesting that difficulty attracting workers is slowing momentum in the labor market and challenging the economic recovery.