The April jobs report was released Friday morning as Joe Biden slept and it was a huge miss.
Non-farm payrolls increased by 175,000 in April, well below the expected 240,000 estimate.
The unemployment rate moved higher in April to 3.9% (it’s actually higher than this) – this is the highest since November 2021.
Zero Hedge reported the truth about April’s abysmal jobs report:
Ahead of today’s payrolls report, in our preview we said that while we knew we would get a slowdown...