The Jobs Report Nobody Celebrated

115,000 jobs. Unemployment unchanged. And almost nobody feels good about it.The April jobs report came in more than double what economists expected — and the labor market still feels fragile to most people. That gap isn't a vibe problem. It's a data problem.In this episode, Dr. Abdullah Al-Bahrani and Jack Marx break down what the headline number misses: a 445,000-person spike in part-time workers who wanted full-time jobs, 348,000 federal workers gone since October, and a warehousing sector that had a good month but is still 105,000 jobs below its 2025 peak.They also get into GameStop's bid to buy eBay — and what Ryan Cohen's CNBC appearance reveals about how markets actually process information. Plus: why Decode Econ is changing its format this summer, and what that means for you.📩 Get the full written analysis — free — every Monday, and Wednesday at Decode Econ: www.DecodeEcon.com Paid subscribers get Friday's deep dive: What you should know about economics.Timestamps 00:00 — The jobs number everyone saw 04:20 — What the headline misses: part-time, federal, warehousing 11:45 — Why the vibes and the data keep diverging 18:30 — GameStop bids for eBay. Ryan Cohen biffs the CNBC interview. 25:10 — Why we're changing the format Decode Econ translates economic data into clear, responsible analysis — without jargon, hype, or partisan framing.#economics #jobsreport #labormarket #decodecon #theweeklyrap