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(Barbara Leonard photo/Courthouse News) MANHATTAN (CN) A hugely disappointing jobs report left investors nonplussed but still able to climb back into positive territory for the week. Many experts had predicted the payroll report would show 1 million non-farm jobs were gained in April. Come Friday, however, the Bureau of Labor Statistics put the final number at an increase of only 266,000 jobs, with the unemployment rate inching up a bit to 6.1%. The most apt reaction to the news came from Ian Shepherdson, chief economist at Pantheon Macroeconomics, who merely tweeted “Oh.” Just after the report was released, the Dow Jones Industrial Average, S&P 500 and Nasdaq each took a slight hit, but by the closing bell all three indices had posted modest gains for the day. For the week, the Dow increased 902 points, while the S&P 500 gained 51 points. The Nasdaq, while a winner on Friday, lost 210 points for the week.

New yorkUnited statesJerome powellJanet yellenNela richardsonMichael pearceBarbara leonardJohns hopkinsPeter boockvarIan shepherdsonJohns hopkins universityBureau of labor statisticsBleakley advisory servicesUs centerNational federation of independent businessFederal reserve