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The April unemployment rate and jobs report weren’t great, but don’t panic


America may be coming out of a pandemic, but its jobs recovery may not be as rosy as some economists believed. That doesn’t mean that everyone should be freaking out — at least not yet. Almost everything about the economy over the past year has been unprecedented, and much of it surprising.

The US economy added 266,000 jobs in April, a huge miss compared to the 1 million jobs economists expected. The unemployment rate in April ticked up a bit to 6.1 percent, as the number of jobs…



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