Good News, Bad News In The April Jobs Report Leaves Workers Hopeful – Forbes

A mixed bag in the April Jobs report. There’s good news and bad news. Despite growing fears of inflation and rising interests rates, there were strong job gains. The Bureau of Labor Statistics reported a widespread, sustained and powerful job growth across the economy. The American economy added 428,000 jobs in the month of April, and the unemployment rate was 3.6%, unchanged from March when unemployment hit a 50 year low.

“A total of 8.3 million jobs have been created since President Biden took office, and an average of more than 500,000 new jobs added per month in 2022,” said U. S. Secretary of Labor Marty Walsh. “Job growth was especially high for workers in the Leisure and Hospitality, Manufacturing, and Transportation and Warehousing sectors. Ninety-five percent of the jobs lost to the pandemic are now recovered, insured unemployment is at a historically low level and labor market disruptions due to Covid-19 are at all-time lows. This is good news for America’s working…

Read Full Story: https://www.forbes.com/sites/bryanrobinson/2022/05/07/good-news-bad-news-in-the-april-jobs-report-leaves-workers-hopeful/

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