8:52 a.m. ET, May 3, 2024
In recent months, economists have been missing the mark on the number of people employers hired, typically underestimating it. For instance, they predicted 205,000 new jobs would be added in March, but instead, a whopping 315,000 jobs were added, according to newly revised figures from the Bureau of Labor Statistics.
But April was an exception in that economists overestimated the number of job gains predicting 235,000 new jobs whereas employers added 175,000, a difference of 60,000 jobs.
