About: http://data.cimple.eu/news-article/dbd67668bf2945379947c4f785b29e83416897de0cf9b9768bea861c     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The US economy gained just 266,000 jobs in April and the unemployment rate increased slightly to 6.1 percent, the government reported on Friday, defying expectations for massive rehiring as the Covid-19 pandemic ebbs. Economists had projected the economy would add a million positions as vaccines and government stimulus measures allow business to return to normal in the world's largest economy. The Labor Department data showed strong rehiring in the leisure and hospitality sector, particularly at bars and restaurants that were the first to shed workers when the pandemic forced them shut in March 2020. But those gains were offset by layoffs among temporary workers and couriers, transportation and manufacturing. "This is a big miss that changes how we think about the recovery," University of Michigan economics professor Justin Wolfers said on Twitter. The April report represented a setback for the rebound most analysts calculated was humming along, with the United States poised for even stronger jobs gains over the summer. And the Labor Department also revised its strong March report downwards to show 770,000 positions added, 146,000 less than initially reported, though hiring in February was revised up by 68,000. Average hourly earnings increased by 21 cents to $30.17 in April after declining slightly in March, the report said, an indication that shortages of employees may be forcing businesses to up their compensation. The leisure and hospitality sector added 331,000 jobs, with food and drinking places, such as restaurants and bars, making up more than half of the increase. But those gains were offset by a decline of 111,000 jobs in temporary help services, and the loss of 77,000 positions in couriers and messengers. Auto manufacturing lost 27,000 jobs, according to the report, which could reflect the production slowdown due to the global semiconductor shortage. The labor force participation rate indicating the share of working age adults employed or looking for work changed little at 61.7 percent, while the data said the economy remains short 8.2 million jobs it had in February 2020, before the pandemic hit. cs/hs
schema:headline
  • US economy adds 266,000 jobs in April, far fewer than expected
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.123 as of May 22 2025


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data]
OpenLink Virtuoso version 07.20.3241 as of May 22 2025, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 8 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2026 OpenLink Software