The monthly Bureau of Labor Statistics report represents different things to different people. To optimistic market analysts, April’s statistics reflected an economy that added 253,000 jobs, especially gratifying since that
Former director of the National Economic Council Larry Kudlow called the April BLS analysis “sloppy,” and dismissed the 230,000-job creation number as fiction. The big story, Kudlow continued, is that the two months prior to April were revised lower substantially. March was lowered by 71,000 and February by 78,000, a total of 149,000 fewer jobs.