Employment continued its seesaw pattern in April, as nonfarm payrolls edged up by only 2,000. The unusually small rise has been attributed to myriad factors, including the timing of the survey, the implementation of new seasonal adjustment factors, and the weather.
Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-05, pp. 11, 05.01.1996.