
U.S. Hiring and Worker Pay Increased in April
The job growth was broad-based, reflecting gains in health care, professional and business services as well as leisure and hospitality.
The job growth was broad-based, reflecting gains in health care, professional and business services as well as leisure and hospitality.
U.S. consumer confidence unexpectedly improved in March as Americans grew more optimistic about the outlook for business conditions and the labor market.
Hiring topped all estimates in a Bloomberg survey of economists, which called for a 188,000 gain in payrolls and for the unemployment rate to rise to 3.6%.
Vacancies at U.S. employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.