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The April jobs report came as an unpleasant surprise for many, with job growth numbers far lower than expected and unemployment rising.
Nonfarm payrolls rose by just 266,000, falling short of the 1 million forecast by economists. Unemployment rose from 6.0% to 6.1% — the opposite of an expected decline to 5.8%.
The report also showed a bleaker outlook for women, who have continually shouldered a disproportionate impact from pandemic economic devastation. Women did make up the majority of nonfarm payroll jobs added, and the unemployment rate for women age 20 and over dropped by 0.1 details ⇒
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