The recovery of Americas job market hit a pause last month as many businesses from restaurants and hotels to factories and construction companies struggled to find enough workers to catch up with a rapidly strengthening economic rebound. Employers added just 266,000 jobs in April, sharply lower than in March and far fewer than economists had expected. With viral cases declining and states and localities easing restrictions, the recovery from the pandemic recession has been so fast that many businesses have been caught flatfooted in the face of surging consumer demand.
Stocks traded mixed Friday as investors digested a disappointing April jobs report, which showed the U.S. economy added back far fewer jobs than expected last month despite easing stay-in-place restrictions.
Yahoo Finance’s Emily McCormick reports the latest women employment statistics in April.