Jobs Growth Slows, Unemployment Ticks Up, Wage Increase Cools: ‘The Market Should Love This Report’

Overall, the April jobs report was cooler than expected, suggesting a shift towards a better rebalance between labor supply and demand, and indicating a slowdown in economic growth following several robust quarters. In April, the U.S. economy added 175,000 jobs, falling short of expectations and down from the 315,000 jobs added the previous month. Surprisingly,…

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