Data Insight: April’s jobs report was biggest disappointment in at least 2 years

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Government data released on Friday showed that the U.S. economy added a disappointing 175K jobs in April. This was 68K below the consensus estimate of economists, who had predicted a payroll expansion of 243K for the month.

Looking at payroll announcements since March 2022, Friday’s results marked the biggest miss on the headline payroll number over that span — the deepest disappointment in at least two years.

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