Most of US Jobs Rebound is 'Catch Up', RBS Says

        15:36 EDT - Was April's surprisingly-robust jobs gain the start of a firmer trend or just a bit of payback for unusual winter weakness? RBS economists appear to fall in the latter camp. "We would attribute most of April's gain to 'catch up,' though another month or two of data will be needed to answer that question definitively," they write. "Meanwhile, the unemployment rate tumbled in April from 6.7% to 6.3% (6.275%), but the drop occurred for the "wrong" reasons, i.e. because the labor force tumbled by 806,000." (pedro.dacosta@wsj.com)
        (END) Dow Jones Newswires

        May 02, 2014 15:36 ET (19:36 GMT)