The average nonfarm hourly rate increased by 10 cents, or .3%, to $31.85, but that figure may struggle to keep up with inflation.
The United States added 428,000 jobs in April, which held the national unemployment rate at 3.6%, the U.S. Bureau of Labor Statistics reported Friday.
The leisure and hospitality industry, which saw a mass exodus during the pandemic, saw gains of 78,000 workers in April. The industry, however, remains down 1.4 million employees since February 2020. The construction, information, other services, and government industries showed little change in the workforce in April.
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April 2022 jobs report: US added 428,000 jobs despite surging inflationAmerica's employers added 428,000 jobs in April 2022 and hiring kept the unemployment rate at 3.6%.
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America added 428,000 jobs in AprilAmerica's employers added 428,000 jobs in April and the unemployment rate held steady at 3.6%.
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US added 428,000 jobs in April despite surging inflationAmerica’s employers added 428,000 jobs in April, extending a streak of solid hiring. See 8 charts tracking the US economy.
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U.S. Economy Added 428,000 Jobs in AprilThe U.S. economy added 428,000 jobs in April, the Labor Department said Friday, for the 12th straight month of gains. The jobless rate remained at 3.6%.
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US Added 428,000 Jobs in April Despite Surging InflationAmerica’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century. Employers have added at least 400,000 jobs for 12 straight months. Still, the job growth, along with steady wage gains, will help fuel consumer spending and likely keep the Federal Reserve on track to raise borrowing rates sharply to fight inflation. That would lead to increasingly heavy borrowing costs for consumers and businesses. Higher loan rates could also weigh down corporate profits.
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US economy sees healthy job growth in April as payrolls jump by 428,000The U.S. economy saw solid job growth in April, suggesting the labor market is still strong despite headwinds from rising interest rates, soaring inflation and a worsening labor shortage.
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