Fed officials sift through tea leaves of weak U.S. jobs report
Reuters | May 11, 2021 03:26 PM EDT
A retail store advertising a full time job on its open door in Oceanside, California (Photo : REUTERS/Mike Blake)
Federal Reserve officials grappled on Tuesday with April s surprisingly weak employment growth, maintaining faith in the U.S. economic rebound but acknowledging the pace of the jobs recovery may prove choppier than anticipated.
The United States added 266,000 jobs last month, about a quarter of the gain penciled in by economists, including Fed officials themselves, in what had been anticipated to be the start of a steady run of strong job growth.
Fed officials sift through tea leaves of weak U.S. jobs report
By Howard Schneider and Ann Saphir
Reuters
WASHINGTON (Reuters) - Federal Reserve officials grappled on Tuesday with April s surprisingly weak employment growth, maintaining faith in the U.S. economic rebound but acknowledging the pace of the jobs recovery may prove choppier than anticipated.
The United States added 266,000 jobs last month, about a quarter of the gain penciled in by economists, including Fed officials themselves, in what had been anticipated to be the start of a steady run of strong job growth.
The April report instead raised a broad set of questions about the complicated interplay among peoples decisions about whether to work during the ongoing coronavirus pandemic, constraints stemming from the lack of child care and closed schools, the slowing pace of COVID-19 vaccinations, global supply bottlenecks for critical goods like semiconductors, and the enhanced federal unemployment benefits that ma
Publishing date: May 11, 2021 • 3 days ago • 4 minute read •
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WASHINGTON Federal Reserve officials grappled on Tuesday with April’s surprisingly weak employment growth, maintaining faith in the U.S. economic rebound but acknowledging the pace of the jobs recovery may prove choppier than anticipated.
The United States added 266,000 jobs last month, about a quarter of the gain penciled in by economists, including Fed officials themselves, in what had been anticipated to be the start of a steady run of strong job growth.
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