But there was optimism in the US markets as investors felt the job losses in April were less than expected. Economists polled by Reuters had forecast nonfarm payrolls diving by 22 million. An easing in US-China friction also added to the optimism. The Dow rose 231.93 points, or 0.97 per cent to 24,107.82. The S&P 500 rose by 27.64 points at 2,908.83, while the Nasdaq Composite gained 77.23 points at the opening bell.
Mr Trump expressed confidence that employment numbers could snap back quickly, given the nature of the shutdown."We artificially closed it. Those jobs will all be back, and they'll be back very soon and next year we're going to have a phenomenal year." Data for March was revised to show 870,000 jobs lost instead of 701,000 as previously reported. A record streak of job growth dating to October 2010 ended in March. The unemployment was forecast rising to 16 per cent from 4.4 per cent in April.
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