Making sense of a disappointing jobs report

05.07.2021 - By Marketplace

Download our free app to listen on your phone

Most economists expected something like 1 million new jobs in April. Instead, there were 266,000 added — which isn’t going to make much of a dent in recovering the 8 million jobs we’re still down. The hiring slowdown is happening in an economy that has a lot tilted in its favor, including trillions of dollars in relief for individuals, small businesses and local government. On today’s show, we make sense of April’s jobs numbers and ask what it’s going to take to juice the jobs market. Plus: why the Federal Reserve is pointing to risks in the current economy; how restaurants in Texas are finding it hard to attract staff; and a look at the water crisis in a rural Maryland community.
Now, this is a good investment: Give $5 a month or more to support Marketplace’s public service journalism and get (almost) any thank-you gift:
The story about infrastructure in this episode contained an error that has been corrected. For more information, visit the episode page at

More episodes from Marketplace