US job growth far below expectations
Nonfarm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, says Labor Department
Updated 08 May 2021
May 08, 2021 02:47
WASHINGTON: US employers hired far fewer workers than expected in April, likely frustrated by labor shortages, leaving them scrambling to met booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government.
Nonfarm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, the Labor Department said in its closely watched employment report on Friday.
Economists polled by Reuters had forecast payrolls advancing by 978,000 jobs.
The jobs report, the first since the White House’s $1.9 trillion COVID-19 pandemic rescue package was approved in March, will probably do little to change expectations that the economy entered the second quarter with strong momentum and was on track for its best performance this ye
LONDON: The all-English Champions League final could be played at home after Turkey was added to England’s “red list” of countries where all but essential travel is banned due to severe coronavirus outbreaks.
Chelsea and Manchester City are due to meet on May 29 in Istanbul and UEFA was hoping to allow around 10,000 fans into the biggest club game of the European football season.
But the British government on Friday warned supporters not to travel to Turkey after imposing the new travel restrictions, and said the English Football Association was in talks with Champions League organizer UEFA about staging the game in Britain, instead.
RIYADH: Saudi Arabia s Adel Al-Jubeir called on Saturday for people who “accused the Kingdom” with regard to claims it was involved with the hacking of Amazon boss Jeff Bezos’ phone last year to “acknowledge their mistake.”
The Minister of State for Foreign Affairs posted to Twitter asking if now that the truth that “the Kingdom had nothing to do with the allegations” had been revealed, whether people would “simply delete their tweets” and “hope that their positions at the time disappear into the sunset?”
..or will they simply delete their tweets and hope that their positions at the time disappear into the sunset?
RIYADH: Saudi Arabia’s King Salman issued a royal order to promote a number of members of the Public Prosecution Office, Saudi Press Agency (SPA) reported on Saturday.
Attorney General Sheikh Saud bin Abdullah Al-Mujib praised the issuance of the royal order, and said that it came within the framework of the king and crown prince’s support for the Public Prosecution, and their “interest in promoting the principle of universal sufficiency for all its needs,” SPA said.
The attorney general said this included stimulating the administrative system in a way that contributes to fulfilling its duties to the fullest.
US job growth far below expectations
Nonfarm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, says Labor Department
Updated 08 May 2021
May 08, 2021 02:47
WASHINGTON: US employers hired far fewer workers than expected in April, likely frustrated by labor shortages, leaving them scrambling to met booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government.
Nonfarm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, the Labor Department said in its closely watched employment report on Friday.
Economists polled by Reuters had forecast payrolls advancing by 978,000 jobs.
The jobs report, the first since the White House’s $1.9 trillion COVID-19 pandemic rescue package was approved in March, will probably do little to change expectations that the economy entered the second quarter with strong momentum and was on track for its best performance this ye