The Jobs Report – April 2021

What you need to know:

  1. This report completely surprised the market as most economists expected the outsized job growth from the prior months to continue.
  2. Revisions to the prior two months reduced an additional 78K jobs.
  3. Leisure & Hospitality added 331K jobs as the service side of the economy continues to reopen.
  4. The unemployment rate rose slightly from 6.0% to 6.1% while the underemployment rate fell from 10.7% to 10.4%.
  5. Despite the slower growth of this jobs report from the prior several months we expect the economy to continue to recover.  This report shows that a recovery from a worldwide pandemic is not always smooth but has bumps along the way.

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.