"Unexpected".
Posted on 05/06/2016 6:02:37 AM PDT by RayofHope
WASHINGTON (Reuters) - The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year.
Nonfarm payrolls increased by 160,000 jobs last month as construction employment barely rose and the retail sector shed jobs, the Labor Department said on Friday.
That was the smallest gain since September and below the first-quarter average job growth of 200,000.
Employers added 19,000 fewer jobs in February and March than previously reported. While the unemployment rate held at 5.0 percent that was because people dropped out of the labor force.
"Unexpected".
I drew my first unemployment check just three weeks ago after working 42 years non-stop.
My visceral disdain for certain people is at an all-time high.
Good luck out there.
But, but, but, I saw prez slimeball on tv saying there has been job growth every month of his administration!!!!
He conveniently forgot to mention that the “Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out of the Labor Force.”
Goebbels would be proud.
Goebbels can’t hold a candle to this motley crew!!
ya the prez has been saying the economy is humming along, unemployment is at only 5% now.
And, he also has mentioned he saved the world from another great depression, so how can we mere mortals be critical of the policies of this administration?????? (sarcasm)
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