Jobs report 'will dampen market enthusiasm for bets on rate cuts coming soon': Economists react to employment data.

📆 05/05/2023 19:11:00
📰 MarketWatch

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“It’s stunning to me that we hear so much gloom and doom when unemployment is at a 54-year low.” Economists and analysts are reacting to the new report that showed the U.S. economy gained 253,000 jobs in April.

The April jobs report on Friday showed the U.S. economy gained 253,000 jobs last month, with the unemployment rate falling to 3.4% from 3.5%. Economists polled by The Wall Street Journal had expected an addition of 180,000 jobs and unemployment to rise to 3.

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