https://m.au.investing.com/news/economic-indicators/payrolls-shock-only-266k-nonfarm-jobs-added-in-april-vs-978k-expected-2347222
“The Labor Department said only 266,000 net nonfarm jobs were added through the middle of last month, compared to expectations for a number just under 1 million. In addition, the March payrolls gain was revised down by a whopping 146,000 to 770,000.”
Not only a massive miss on payrolls, last month was revised down big time. The truth of the US economy bites… And unemployment ticked up…