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"Disappointing" Jobs Day

- May 6, 2016

MORE "SIGNS OF WEAKNESS" FOR THE U.S. ECONOMY AS AMERICANS WAKE UP TO A "DISAPPOINTING" APRIL JOBS REPORT

Los Angeles Times Headline: "U.S. Job Growth Disappoints At 160,000 In April, Adding To Concerns About The Economy" (Jim Puzzanghera, "U.S. Job Growth Disappoints At 160,000 In April, Adding To Concerns About The Economy," Los Angeles Times, 5/6/16)

USA Today Headline: "Employers Added Disappointing 160,000 Jobs In April" (Paul Davidson, "Employers Added Disappointing 160,000 Jobs In April," USA Today, 5/6/16)

NBC News Headline: "U.S. Adds 160,000 Jobs In April, Fewer Than Expected" (Jeff Cox, "U.S. Adds 160,000 Jobs in April, Fewer Than Expected," NBC News, 5/6/16)

The Number Of Jobs Added To The Economy In April Significantly Undershot Expectations. "Only 160,000 jobs were added last month, according to the Labor Department's latest report. Economists surveyed by CNNMoney had predicted 197,000 jobs would be added. Goldman Sachs expected even higher: 240,000." (Heather Long, "U.S. Hiring Slows: Only 160,000 Jobs Added In April," CNN Money, 5/6/16)

"Reflecting A Softer Economy," The U.S. Pace Of Hiring Slowed To A "7-Month Low"

The "Disappointing" Jobs Report Follows An Already Dismal Start To 2016 For The U.S. Economy. "Perhaps a bigger threat is declining corporate profits. Companies are getting squeezed and they could be looking to stabilize their labor costs by cutting back on hiring. The disappointing April employment report, however, could be just a blip. Job openings sit near a record high and a sharp rebound in auto sales in April suggest consumers are still fairly confident." (Jeffry Bartash, "U.S. Jobs Growth Slows Down In April," MarketWatch, 5/6/16)

More "Signs Of Weakness" For The U.S. Economy After A Dismal April Jobs Report. "The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year." (Lucia Mutikani, "U.S. Employment Gains Hit Seven-Month Low, Labor Force Shrinks," Reuters, 5/6/16)

The Jobs Report Adds To "Rising" Concerns That "The U.S. Economy Is Losing Momentum." It's only one disappointing month after two years of very strong hiring, but concerns are rising that the U.S. economy is losing momentum. Growth is off to a slow start in 2016. Experts anticipate a spring bounce, but the sluggish April jobs report suggests that pop is either delayed or not going to be that strong." (Heather Long, "U.S. Hiring Slows: Only 160,000 Jobs Added In April," CNN Money, 5/6/16)

"Reflecting A Softer Economy," Aprils Job Figures Expose The Slowest Pace Of Hiring In Seven Months. "Pace of hiring falls to 7-month low, reflecting softer economy. Companies scaled back hiring in April, adding just 160,000 new jobs, in a sign the U.S. economy still hasn't recovered from an early-year chill." (Jeffry Bartash, "U.S. Jobs Growth Slows Down In April," MarketWatch, 5/6/16)

AMERICANS DROPPED OUT OF THE LABOR FORCE AS SOME OF THE MOST VULNERABLE SAW THEIR UNEMPLOYMENT RATES INCREASE

"More People Dropped Out Of The Labor Force" Resulting In The Labor Force Participation Rate To Fall For The First Time In Seven Months. "The unemployment rate, meanwhile, was flat at 5%. More people dropped out of the labor force and the so-called participation rate fell for the first time in seven months. That could mean people find it a bit harder to get a job." (Jeffry Bartash, "U.S. Jobs Growth Slows Down In April," MarketWatch, 5/6/16)

"Americans Dropped Out Of The Labor Force In Droves ." "The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year." (Lucia Mutikani, "U.S. Employment Gains Hit Seven-Month Low, Labor Force Shrinks," Reuters, 5/6/16)

In April, The Labor Force Participation Rate Decreased From 63.0 To 62.8 Percent. (Bureau Of Labor Statistics, Accessed 5/6/16)

  • The Labor Force Participation Rate Of 62.8 Percent Is At A Level Last Seen In March1978. (Bureau Of Labor Statistics, Accessed 5/6/16)

More And More Hispanic And Younger Americans Found Themselves Unemployed In April

In April, The Hispanic Unemployment Rate Increased From 5.6 To 6.1 Percent. (Bureau Of Labor Statistics, Accessed 5/6/16)

The Unemployment Rate For 16-24 Year Olds Increased From 10.4 To 10.8 Percent In April. (Bureau Of Labor Statistics, Accessed 5/6/16)

The Unemployment Rate For 20-24 Year Olds Increased From 8.4 To 8.8 Percent In April. (Bureau Of Labor Statistics, Accessed 5/6/16)

APRIL'S LOUSY JOBS REPORT IMMEDIATELY FOLLOWS THE WORST QUARTER FOR U.S. GROWTH IN OVER TWO YEARS

The U.S. Grew At Just 0.5 Percent During The 1st Quarter Of 2016. (Bureau Of Economic Analysis, 4/28/16)

Bloomberg Headline: "U.S. Economy Grew In First Quarter At Slowest Pace In Two Years." (Michelle Jamrisko, "U.S. Economy Grew In First Quarter At Slowest Pace In Two Years," Bloomberg, 4/28/16)

The U.S. Economy "Stumbled Out Of The Gate In 2016," "Underscoring The Uneven Growth That Has Been A Hallmark" Of The Obama Administration. "The U.S. economy stumbled out of the gate in 2016 as consumers and businesses pulled back, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion. Gross domestic product, a broad measure of economic output, advanced at a 0.5% seasonally adjusted annualized rate in the first quarter, the Commerce Department said Thursday. That was the worst performance in two years." (Jeffrey Sparshott and Ben Leubsdorf, "U.S. First-Quarter GDP Advances At 0.5% Pace," The Wall Street Journal, 4/28/16)

The U.S. Economy Is "Hitting The Brakes" From The "Unspectacular Pace" Of The Past Year. "That roughly matched the expectations of economists, who said the economy was hitting the brakes from the steady but unspectacular pace maintained over the last nine months." (Chico Harlan, "U.S. Economy Slows, With GDP Growing 0.5% In First Quarter," The Washington Post , 4/28/16)

"The American Economy Settled Into The Slow Lane" To Start 2016, Which "Continued A Downshift" That Started Last Year. "The American economy settled into the slow lane last quarter, as consumers took their foot off the gas and businesses grew more cautious as well. The 0.5 percent growth rate in the first three months of 2016, which the Commerce Department reported on Thursday, continued a downshift that began late last year." (Nelson D. Schwartz, "U.S. Economy Grew 0.5% In First Quarter, The Slowest Pace Of Growth In Two Years," The New York Times, 4/28/16)


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