This is a preview. View original post on this site
Key Points:
U.S. employers added 177,000 jobs in April, down from a downwardly revised 185,000 in March, according to the U.S. Bureau of Labor Statistics. The U.S. unemployment rate was unchanged at 4.2%. The share of workers who were long-term unemployed (out of work for 27 weeks or more) rose to 23.5% in April, the highest share in three years. Average hourly earnings rose by 3.8% in April from a year earlier.
For another month, the actual data coming from a key US jobs report failed to justify the bad vibes and anxiety that preceded it. Against most