The jobs report is too bad to be true: The economy will be fine
Job creation in April fell far short of forecasts, but the recovery hasnât run out of gas.
By Larry Edelman Globe Columnist,Updated May 7, 2021, 4:40 p.m.
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A sign advertising job openings at a restaurant in Detroit in May. Hiring in the hospitality and leisure sector was robust in April, but job growth overall was surprisingly weak.SARAH RICE/NYT
Yes, the April employment report was a bigger disappointment than Al Caponeâs empty vault, with far fewer jobs created than forecasters had expected and the blowout gain in March revised significantly lower.