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Jobs Report Shows Rapid Slowdown in Employment Growth
The U.S. labor market in April added fewer jobs and saw slower wage growth than anticipated, with the unemployment rate edging higher, according to the jobs report released by the Bureau of Labor Statistics on Friday.
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Jobs report shows falling unemployment rate for Black workers
One of the most notable findings from the jobs report released this morning is that job creation has finally slowed down, with employers adding 175,000 jobs in April. The shift comes after a period of steady job growth and low unemployment, exceeding the expectations of economists who had warned that the labor market would eventually cool off. The unemployment rate has now remained under 4% for 27 months, a streak that the U.S. economy has not seen in over 50 years. While the unemployment...
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April jobs report expected to show a 'cooling' labor market
The April jobs report is expected to show the U.S. labor market cooled last month but that hiring remained solid even in the face of high interest rates and chronic inflation. The Labor Department's April payroll report, due at 8:30 a.m. ET Friday, is projected to show that hiring increased by 243,000 last month and that the unemployment rate held steady at 3.9%, according to a median estimate by LSEG economists. That would mark a decrease from the 303,000 gain in March, but it remains above the...