– Economists expected 1 million new jobs created
– 266,000 actual jobs added
– Biggest miss of expections on record
– Unemployment went up to 6.1% from 6.0%
– March revised down to 770,000 from 916,000 jobs
– Total jobs down 8.2 million jobs versus February last year
– Average hourly earnings jumped 21 cents to $30.17 last month
– 4.8% rise in leisure and hospitality average hourly earnings
– “The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,” U.S. Chamber of Commerce
– $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working.
Links
U.S. adds just 266,000 jobs in April, far below expectations
April jobs report disappoints: What happened, and how did economists get it so wrong?
Tough jobs report scrambles Washington battle ahead of crucial week
Major disappointment: America added way fewer jobs than expected in April
What Caused the Biggest Jobs Miss on Record?
The Jobs Report: The Boom That Wasn’t
US Chamber of Commerce calls for ending extra unemployment benefits after disappointing jobs report
29% of unemployed Americans have been jobless over a year