Mohamed A. El-Erian , Columnist

4 Quick Takeaways From the April Jobs Report

Slowing employment creation and rising wages are a conundrum for the Fed.

May 6, 2016 at 2:10 PM UTC

Mohamed A. El-Erian is a Bloomberg Opinion columnist. A former chief executive officer of Pimco, he is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE; and chair of Gramercy Fund Management. He is author of “The Only Game in Town.”

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Photographer: John Taggart/Bloomberg

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In brief, here are four key aspects of the U.S. labor market data for April released Friday morning:

A relative shortfall on job creation: The number of jobs added last month -- 160,000 -- undershot consensus expectations of 200,000. Moreover, revisions subtracted 19,000 jobs from the reports for March and February, which reduced the monthly average for the year to 192,000.