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Jobs data released: Massive changes

Glasses in Front of Data

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Source: MPA — 

The US economy created around 266,000 new jobs in April – a sharp slowdown from the 770,000 gain in March – the Bureau of Labor Statistics reported today.

What caused the unanticipated deceleration in job growth? Mike Fratantoni, chief economist at the Mortgage Bankers Association, pointed to employment declines in several sectors.

 

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