The U.S. economy added 428,000 jobs in April

The U.S. economy added 428,000 jobs in April, beating expectations and signaling that the labor market remains strong despite growing fears of a recession.

The April jobs report was the 12th straight month in which the economy added at least 400,000 jobs.The unemployment rate has been below 4% since February 2020, before the COVID-19 pandemic began. Arrow

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[{"selector":"#anim-f7b5112f-53f8-45e4-aaee-cca790c1ab4c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Average hourly earnings rose 0.3% in April, after rising 0.5% in March.The year-over-year increase in average hourly earnings was 5.5%, down from 5.6% in March. Arrow

[{"selector":"#anim-bea4f71e-d80f-454a-b875-b7c32004e42a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(18.527974942243894%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The leisure and hospitality sector added 184,000 jobs in April, the most of any sector. The professional and business services sector added 96,000 jobs. Arrow

[{"selector":"#anim-3ea7cac0-c494-43a0-a8b0-ae7f19096568 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-30.124999879399272%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The transportation and warehousing sector added 49,000 jobs.The construction sector added 36,000 jobs. Arrow

[{"selector":"#anim-f32ba371-55b1-4fbc-8a5a-6ee8700abc24 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The manufacturing sector added 15,000 jobs.The retail sector added 11,000 jobs.1. The healthcare sector added 10,000 jobs.The financial activities sector added 9,000 jobs. Arrow

[{"selector":"#anim-86344910-0f2c-4860-9f5e-600fed69b7d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(22.42451137796608%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The government sector added 8,000 jobs. The education and health services sector added 7,000 jobs.The information sector added 6,000 jobs.The mining sector added 3,000 jobs. Arrow

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