BOSTON — Minneapolis Federal Reserve Chairman Narayana Kocherlakota Saturday described the recently released March U.S. jobs figures as "adverse."

"The rate of employment growth was lower than I had expected, the decline in labor-force participation was more rapid than I expected — I viewed it as an adverse jobs report relative to my outlook for the economy," Kocherlakota told reporters after speaking at a Boston Fed symposium.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.