Wow! Not Again! -- Job Watch

Remember: the magic number is 200,000

"...data showed U.S. private employers added far fewer jobs than expected in April."

Link here. 

A private survey [the same one that reports every week] shows U.S. businesses sharply reduced hiring in April, a troubling sign two days before the government reports on monthly job growth. Payroll provider ADP says that businesses added 119,000 jobs last month, far lower than a revised total of 201,000 jobs in March.

Meanwhile, unemployment in EU hits record high. 

Unemployment across the 17-member eurozone rose by 169,000 in March, official figures showed Wednesday, taking the rate up to 10.9 percent in March — its highest level since the euro was launched in 1999.

The rate was up from 10.8 percent in February and 9.9 percent a year ago, and reflects the downturn in the eurozone economy as governments pursue tough austerity measures to deal with their debts — nearly half the countries in the eurozone, including Spain and the Netherlands, are now officially in recession. 

And all this time I thought the global economy was recovery.