Episodes
Monday May 10, 2021
The Jobs Mosaic and the Outlook for Interest Rates
Monday May 10, 2021
Monday May 10, 2021
Last Friday’s April Jobs report was clearly much weaker than expected. On average, analysts expected a payroll job gain of 1,000,000, with the unemployment rate falling from 6.0% to 5.8%. In the event, non-farm payrolls rose by just 266,000 and the unemployment rate rose to 6.1%.
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