April Jobs Reports Disappoints in U.S. and Canada; Bank of England Slows QE Program

The April jobs report was a huge disappointment. The economy added just 266,000 jobs, far short of expectations of around a million; the BLS also revised down job growth in February and March by a net 78,000. The unemployment rate ticked up to 6.1% from 6.0% as the labor force increased by 430,000, employment (measured […]

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