High Frequency Economics: Still see 2 rate cuts this year after April jobs report

The recently released April jobs report in the U.S. has disappointed experts, with weaker-than-expected numbers. The report indicates a slower recovery in the job market than previously anticipated. Analysts had projected a higher increase in employment, but the actual numbers fell short. This development raises concerns about the overall strength of the economy and the pace of its recovery. The soft jobs report suggests that challenges persist in the labor market and further efforts may be needed to stimulate job creation.