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Steve G. wrote:

The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by coast-to-coast shutdowns of factories, stores, offices and other businesses.

The Bureau of Labor Statistics noted the hurricanes that made landfall in the Southeast in recent weeks had impacted the jobs report. The administration has also noted the Boeing strike impacted those figures.

“We know that there were two powerful forces leading to negative and temporary impacts on payroll growth. Those were, of course, the hurricanes that really hit the southeastern United States, wide swaths therein, and the strikes,” Council of Economic Advisers Chair Jared Bernstein said Friday in an interview on CNBC.

“And if you account for those factors, the underlying pace of payroll job growth is still healthy, probably in the 150,000 range. That’s enough to keep the unemployment rate steady.”

steve... wrote:
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Steve G. wrote:
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hal wrote:

wurm wrote:
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