Opening Bell: 5.7.21
Opening Bell: 5.7.21 Author: Jobs? Less; unappealing; good news and bad for CoStar; Holmeslife; and more! Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs…. There was more bad news: March’s originally estimated total of 916,000 was revised down to 770,000, though February saw an upward revision to 536,000 from 468,000. The report said other parts of the financial system appear resilient. Banks ...
Source: dealbreaker.com