April Jobs Report , Falls Far Short of Expectations.<br />According to the report released <br />May 7 by the Bureau of Labor, the U.S. <br />economy added 266,000 jobs in April.<br />With millions of vaccinations occurring daily, <br />economists were expecting an <br />addition of closer to one million jobs.<br />The data was released on the <br />one year anniversary of the worst job loss <br />for any month in America's history.<br />Even with the underwhelming job additions in April, economists largely struck an optimistic tone.<br />With most of the high-frequency indicators still pointing to further improvement and jobless claims falling like a stone in recent weeks ... we doubt that it signals the recovery is at risk, Economist Michael Pearce, Capital Economics, via CNN.<br />Jobless claims for the last week <br />of April dipped below 500,000 for the <br />first time since the beginning of the pandemic.<br />Economists predict that the jobs data for <br />April could be a sign of drastic and not yet <br />understood changes to the job market
