May 8, 2021

Lisa Beilfuss on the weak jobs report

There is a conundrum facing the U.S. economy: The very stimulus that has prompted a faster-than-expected recovery seems to be undermining it. 

That is one interpretation of the April jobs report released Friday, which showed employers added only a fraction of the jobs Wall Street expected and hired at the slowest pace since January.  Economists called the report puzzling; some said it should be ignored. 

~ Lisa Beilfuss, "Are We Overstimulated? April’s Weak Jobs Report Says Yes.," Barron's, May 8, 2021



No comments: