The April employment report was a bit weaker than expected.
The economy created 175,000 nonfarm payroll (NFP) jobs versus expectations of 240,000. That was the slowest gain in seven months and was far below last month’s sharp increase of 315,000. The prior two months were revised down a total of -22,000.
The unemployment rate moved up a tick to 3.9%, but it’s still quite low historically, and it has been stuck in a range of 3.7% to 3.9% for nine months.
To read Dan's full report, click on the link below and download the PDF
Wheel of Risk Podcast
America’s premier podcast about the risk and reward of doing business in uncertain economic times is back! Welcome to season two of Wheel of Risk, proudly presented by Allianz Trade.
Over the course of eight episodes, host Alix McCabe and her team of experts are set to explore a whole new series of timely and relevant topics, from bank failures and rising interest rates to the threat of zombie firms and the cyclical nature of recession and recovery. They’ll also tackle some common myths and misconceptions about trade credit insurance, and bring you expert advice and actionable insights designed to help you keep your business safe, secure, and profitable — even in challenging times.
Listen to season two of Wheel of Risk, now streaming on all the major podcast platforms.