The Washington Post reports:
U.S. employers added 428,000 jobs in April, capping a year of solid growth, adding more fuel to an already robust recovery. The unemployment rate remained steady at a pandemic low of 3.6 percent, the Labor Department said Friday.
The labor market has added more than 6.5 million jobs during the past year and is on pace to return to pre-pandemic levels this summer, though economists say there are signs that this record streak of employment gains is beginning to moderate.
The number of people working or actively searching for work, for example, declined by 363,000 in April after six months of gains.
Read the full article.
The unemployment rate held steady at 3.6 percent in April, near 50-year lows last hit before the pandemic https://t.co/a9mlLn6B16
— The Washington Post (@washingtonpost) May 6, 2022
Breaking News: U.S. employers added 428,000 jobs in April and average hourly earnings rose 5.5% from a year ago, signs of strength in the labor market.https://t.co/5tRS98mu7o
— The New York Times (@nytimes) May 6, 2022
⚡️ The April jobs report is in.
U.S. employment continued to increase at a robust pace and wage growth moderated, though a surprise drop in the participation rate suggests the labor market will remain exceedingly tight https://t.co/M0bPrA2PsD
— Bloomberg (@business) May 6, 2022