The April employment report was simply lousy. A gain of 160k jobs is better than a loss, but everything has been counting on gains on the order of 200k or better. The stock market largely shrugged it off, rising slightly. But is this really bad news? Is it real? Can we expect a big slowdown in job growth in 2016?
The answers are maybe, yes, and no. But we have to watch that last one to make sure because a lot may be riding on it – especially in an election year.