Podcasts Business Investing Notes on the Week Ahead The Jobs Mosaic and the Outlook for Interest Rates

The Jobs Mosaic and the Outlook for Interest Rates

Published: May 10, 2021, 1:44 p.m.

Last Friday\u2019s April Jobs report was clearly much weaker than expected. On average, analysts expected a payroll job gain of 1,000,000, with the unemployment rate falling from 6.0% to 5.8%. In the event, non-farm payrolls rose by just 266,000 and the unemployment rate rose to 6.1%.