A new report released by the Labor Department on Friday found that employers added only 266,000 new jobs last month, roughly a quarter of what economists had predicted.
Employers added only 266,000 new jobs in April and unemployment rose to 6.1 percent, the Labor Department said in its monthly report released Friday morning.
The leisure and hospitality industry accounted for the bulk of new hiring gains, adding 331,000 workers, though the industry is still nearly 2.9 million shy of where it was before the pandemic. President Joe Biden leaves after an event at the State Dining Room of the White House on May 5. Biden's April jobs report showed a big miss from the forecast predicted by economists.April's jump marks a fourth consecutive month of nonfarm payroll increases, but the smallest since September. The new numbers come amid a shortage of workers in manufacturing and service sectors.
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