A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC.
Oliver Douliery | AFP | Getty Images
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Goldman Sachs chief economist Jan Hatzius joined CNBC’s “Squawk on the Street” on Friday to break down the historic jobs report.
Hatzius said he expected the report to show a higher number than the 20.5 million loss print for April. The unemployment rate rose to 14.7%.
“We thought it was going to be higher and this release it’s obviously very difficult for the Bureau of Labor Statistics to estimate the precise number of jobs