US economy adds just 266,000 jobs in April

US economy adds just 266,000 jobs in April
The United States economy added just 266,000 jobs in April, the government reported Friday, which was a disappointing month of growth given economists predicted a far greater return for the labour force.

The United States economy added just 266,000 jobs in April, the government reported Friday, which was a disappointing month of growth given economists predicted a far greater return for the labour force.

Prior to the release of the report, economists expected job creation to be around 1 million for the next couple of months as the economy booms and more people receive a Covid-19 vaccine – indicating the country was recovering from the pandemic. Unemployment rates were also estimated to drop from the 6 per cent recorded in March to about 5.8 per cent.

Instead, the unemployment rate slightly rose to 6.1 per cent in April.

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