Job growth held steady in April as payrolls rose by 428,000
CBSN
Job growth in the U.S. held steady in April despite concerns about inflation and the impact of the Ukraine of war on the global economy.
Employers added 428,000 new jobs in April, on par with growth in March. The unemployment rate stayed unchanged at 3.6%.
The report "shows a job market making steady progress," Daniel Zhao, senior economist at Glassdoor, said on Twitter. At the current pace of employment growth, the economy is set to recover all of the jobs lost in the pandemic by this summer.
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