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Anticipated April Hiring Boom Ends Up a Bust: Week Ahead

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

U.S. payroll gains in April fell far short of expectations. Data from the Labor Department on Friday showed that non-farm employers added just 266,000 jobs, sending the unemployment rate back up to 6.1 percent from 6.0 percent. Estimates from economists were for a much higher number, possibly as much as 1 million new jobs, which…

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