SPDR S&P 500 ETF (ETF:SPY) - US Adds Just 266K Jobs In April, Missing Expectations By 73%
Share: The Bureau of Labor Statistics released employment data for the month of April, and the numbers were disappointing. Here’s a rundown of everything you need to know. What You Need To Know About The Jobs Report: The nonfarm payroll number came in at +266,000, well worse than consensus economist expectations of +1 million. The unemployment rate increased by 0.1% to 6.1%. Average hourly earnings were up 0.7% in the month to $30.17. April’s job growth represents a sharp drop from the 770,000 jobs the economy gained in March. The leisure and hospitality industry led the gains in April by...