Here’s how Goldman Sachs’ top economist explains the huge jobs report miss

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Here’s how Goldman Sachs’ top economist explains the huge jobs report miss


Jan Hatzius, chief economist of Goldman Sachs.

Jonathan Fickles | Bloomberg | Getty Images

Goldman Sachs chief economist mentioned Friday that the unexpectedly weak April jobs report was probably as a consequence of statistical points and didn’t sign hidden weaknesses in the U.S. financial restoration.

The U.S. financial system added 266,000 jobs in April, based on the Labor Department, coming in nicely beneath expectations. However, Goldman’s Jan Hatzius mentioned on CNBC’s “Squawk on the Street” that the report seemed to be “distorted” and should not change minds about the path of the U.S. financial system.



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