A disappointing jobs report for April.
The Labor Department reports only 266-thousand new jobs were created last month and the unemployment rate ticked up to six-point-one percent. The jobs number is a little more than one-fourth as many as analysts had forecast. The experts had predicted one-million new jobs and the unemployment rate falling to five-point-eight percent. The numbers indicate the nation’s economic recovery slowed a lot last month.
But when it comes to unemployment, U.S. unemployment is at its lowest since March of 2020.
Wisconsin is seeing one of the steepest declines among states. Both first-time and ongoing claims are down. Wisconsin is tied among states with the fifth lowest unemployment rates in the country at three-point-eight percent.
