May 9, 2016 Comments Off on Jobs Report: No Clear Direction on Economy Views: 444 California News, Northeast, West

Jobs Report: No Clear Direction on Economy

The Bureau of Labor Statistics released its latest jobs report, and it wasn’t exactly positive. But, it wasn’t too bad, either. In fact, the U.S. added 160,00 jobs in April, and unemployment held at 5%.

Economists expected more than 200,000 jobs would be added, and the unemployment rate to drop to 4.9%. The jobs gain was the smallest since September 2015, though it was the second month of steady unemployment. February and March net total job gains were revised 19,000, lower than previously reported, though have averaged 200,000 over the past three months, roughly the same level much of the last five years.

Those numbers aren’t inspiring confidence in Federal Reserve policy makers, who must decide whether the economy is declining or hovering around full employment.

Read More at Forbes

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