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It was a nice run, but the reacceleration of the labor market appears to be slowing back down. Falling short of Wall Street expectations and coming off robust gains of 315,000 in the prior month, the U.S. Bureau of Labor Statistics reported gains of 175,000 in April — the lowest job numbers in six months.
While no major losses were seen in the BLS monthly jobs report, job gains were uneven across the board. “Health care, social assistance, and transportation and warehousing are seeing job growth, while other sectors like manufacturing, wholesale trade, and professional services are seeing little change,”