CNN on the April Jobs Report: ‘A Real Disappointment’ and ‘Giant Miss’

EXCERPT:

BERMAN: "All right, breaking news just into CNN, a snapshot of the employment situation in the United States, the new jobs report. CNN chief business correspondent Christine Romans here with me at the desk. We're going to bring in the numbers right now so you can see it. And the answer is, a giant miss, right?"

ROMANS: "It is. It’s only 266,000 jobs added in the period, which is a real disappointment for April. You had economists looking for more like on million, so we did not see the big hiring frenzy that we had expected and the unemployment rate was essentially little changed at 6.1 percent. John, this is a disappointment because we thought that the economy, as it was reopening, was going to have just this surge of hiring. This is good, to see 266,000. These are jobs added back. We are still down then more than 8 million jobs in the pandemic. And we’ve heard from employers that a big problem is they can’t find the workers to hire, especially in manufacturing and also in the restaurant industry.”