The Jobs Mosaic and the Outlook for Interest Rates
Notes on the Week Ahead - A podcast by Dr. David Kelly - Mondays
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Last Friday’s April Jobs report was clearly much weaker than expected. On average, analysts expected a payroll job gain of 1,000,000, with the unemployment rate falling from 6.0% to 5.8%. In the event, non-farm payrolls rose by just 266,000 and the unemployment rate rose to 6.1%.
