“Job Growth Falls Way Short Of Expectations As Unemployment Ticks Up”
SNIP
“The U.S. added 175,000 nonfarm payroll jobs in April as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday. Economists anticipated that the country would add 243,000 jobs in April compared to the 303,000 jobs that were added in initial estimates for March, and that the unemployment rate would remain unchanged at 3.8%, according to Reuters. The job gains accompany recent slow economic growth, with gross domestic product totaling just 1.6% year-over-year in the first quarter of 2024. Inflation has continued to wreak havoc on businesses looking to hire, measuring 3.5% year-over-year in March, up from 3.2%”

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