Weekly Column: A gravity-defying behavior
5/9/2021 2:48:52 PM GMT Review and Preview Employers adding a measly 266,000 new jobs – sharply missing Wall Street’s expectations – amid a growing shortage of available workers. The unemployment rate unexpectedly rose to 6.1% — while it’s still well below the April 2020 peak of 14.7%, it’s about twice the pre-crisis level, the Labor Department said in its monthly payroll report, released Friday morning. Economists surveyed by Refinitiv expected the report to show that unemployment fell to 5.8% and the economy added 978,000 jobs. – Kristen Altus, “US Labor Secretary on ...
Source: fxstreet.com