Disappointing new U.S. jobs data for April released Friday has economists once again debating whether an economic recovery that remains tentative may be swinging negative.
U.S. non-farm payrolls in April came in at a modest 115,000 increase, well short of forecasts for a 160,000 gain.
On the other hand, the data for February and March have been revised upwards a net 53,000.
The unemployment rate, which is calculated from a different set of survey numbers, did slip 10 basis points to a three-year low of 8.1%; however, this is due to the labour force dropping by 342,000 as more unemployed stopped looking for work.
View original post 445 more words