US Economy added just 266K jobs in April, unemployment rose to 6.1% even as states eased restrictions, vaccinations rose
From usatoday.com
Employers added a disappointing 266,000 jobs in April even as the number of new COVID-19 cases stayed low, more states lifted constraints and vaccinations accelerated. The gains fell well short of projections in a recovery that’s expected to gather force through the summer, with a million or more jobs added each month. The unemployment rate rose from 6% to 6.1%, the Labor Department said Friday. Economists had estimated that 995,000 jobs were added last month, according to a Bloomberg survey. Leisure and hospitality, which includes restaurants and bars -- the industry hit hardest by payroll losses -- continued to ...
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