SBE Economist Makes Statement on April Jobs Data
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"The establishment survey, which covers larger, more established firms, indicated that nonfarm payroll employment increased by 244,000 in April, with the private sector adding 268,000. Some welcome good news.
"However, the household survey, which better captures start up and small business activity, pointed to a decline of 190,000 in jobs in April. For good measure, the labor force was effectively unchanged. This survey also showed that both the labor force participation rate (64.2% in April) and the employment-population ratio (58.4% in April) continue to linger at 27-year lows. None of this is good news.
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