Robust Hiring in April Shows U.S. Job Market Remains Hot in Cooling Economy
Americans landed jobs and their wages increased in April, showing the labor market is resilient amid banking turmoil, rising interest rates and high inflation. Employers added 253,000 jobs in April, the best gain since January, the Labor Department said Friday. Job growth was revised lower in February and March. The jobless rate fell to 3.4% last month, matching the lowest reading since 1969. The low unemployment rate keeps upward pressure on wages, which grew 4.4% in April from a year earlier.