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The US economy added more jobs than expected in the month of April, despite a tight labour market and surging inflation.
The Labor Department said Friday that nonfarm payrolls in the United States increased by 428,000 fin April, identical to the downwardly revised count for March.
The unemployment rate was 3.6%, higher than the estimated figure of 3.5%. Average hourly pay in the U.S. continued to grow, but at a 0.3% level for the month, compared to the estimated rate of 0.4%. Over the past year, average hourly earnings rose 5.5%.
The labor force fell 0.2 percentage points for the month to 62.2%, tied for the lowest of the year as the labor force shrunk by 363,000.
Sector-wise figures
Last month's payroll growth was led by a 78,000 boost in leisure and hospitality. Professional and business services created 41,000 jobs.
Manufacturing employment increased by 55,000 in April while transportation and warehousing jobs climbed by 52,000.
Retail jobs increased by 29,000 due to gains in food and beverage stores.
The U.S. economy is experiencing its worst growth quarter since the start of the pandemic. Worker output for the first three months has declined 7.5%, the biggest slowdown since 1947 and the second-worst quarter ever recorded. GDP fell 1.4% for the period between January to March period.
Source - Bureau of Labour Statistics
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