Not good news: FT: US jobs growth slows to 115,000 in April.
Over the past four months, payroll employment growth has averaged 195,000--and one swallow does not make a summer--and the best way to think about a 115K number is that the BLS things the actual number was probably somewhere between 50K and 180K. It is not a significant slowdown by any means…
Nevertheless…
And the labor force participation rate dropped to 63.6%--down from 63.9% in February.
