April Job Report – Labor Less Resilient Than Indicated (opens in new tab)

The April employment report came in stronger than expected, at least on the surface. The US economy added 115,000 jobs while the unemployment rate held steady at 4.3%. Economists had been expecting closer to 55,000–67,000 jobs depending on the survey. Washington immediately celebrated the report as proof that the economy remains “resilient,” but the details […]