April Jobs Report

#Jobs — Way way below expectations; much lower than March’s blowout

Gain of +266,000 non-farm payroll jobs, vs. expected gain of 1M
Unemployment at 6.1%, up by 0.1
U6 unemployment at 10.4%, down by 0.3
Labor force participation 61.7%, up by 0.2

March revised down by -146K to +770K
Feb jobs revised up by +68K to +536K