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April Jobs Prints at 175,000, but With Signs of ‘Stagflation’

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April Jobs Prints at 175,000, but With Signs of ‘Stagflation’
Federal Reserve Chair Jerome Powell holds a press conference at end of the Federal Open Market Committee (FOMC) meeting in Washington, on May 1, 2024. Saul Loeb/AFP via Getty Images
J.G. Collins
Updated:
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Commentary
April jobs printed at 175,000 new jobs, according to the Establishment Survey from the Bureau of Labor Statistics (BLS), a collection of job creation data from businesses, well below the 238,000 consensus estimate of jobs creation. February and March jobs creation revisions were down by 22,000 jobs, net. The BLS’s Household Survey, which calculates the number of people taking jobs, and is viewed as eliminating workers taking more than one job, showed 182,000 more people working in April than in March. Some 87,000 people joined the U.S. workforce.
J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
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