Episode Details
Back to EpisodesThe Jobs Mosaic and the Outlook for Interest Rates
Episode 136
Published 5 years, 6 months ago
Description
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%.