428K New Jobs In April, Unemployment Flat At 3.6%

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.

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