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Nela Richardson, chief economist at ADP, called it a hugely disappointing number : This is something I think, just going around the horn, no one expected. But I really think that what we re seeing in the data is that the hiring we saw in March was really a recall of existing workers that were furloughed or laid off. And so, it wasn t adding new jobs, it was recalling existing workers, and there was obviously a slowdown this month. We ll need to dig through the numbers, but we all expect the momentum to build over time as the economy reopens. There is something structural, I think, going on right now in terms of the jobs market and how companies are repositioning their hiring to increase margins, to reduce risk and, for workers on the other side, reducing health risk. So, there s some structural things, not just cyclical, at play here, and I think it s going to take a bit more time to assess all this out because this is not expected as a number at all.

Kate mooreJason furmanSara malikNela richardsonLori heinelCouncil of economic advisersFederal reserveEconomic advisersState street global advisorsகேட் மூர்ஜேசன் ஃபர்மேன்சாரா மாலிக்நெலா ரிச்சர்ட்சன்கருப்பு பாறைகூட்டாட்சியின் இருப்பு