Jobs report today: Employers added 175,000 jobs in April, unemployment rises to 3.9%
U .S. payroll growth slowed substantially in April as employers added 175,000 jobs amid high interest rates and stubborn inflation, while average pay increases fell to a three-year low. The unemployment rate rose from 3.8% to 3.9%, the Labor Department said Friday.
The unemployment rate barely rose, but only 175,000 jobs were added in April
In April, the unemployment rate sat at 3.9%, up slightly from 3.8% in March, putting the total number of unemployed individuals at 6.5 million. Those who qualify as long-term unemployed — individuals without a job for 27 weeks or more — hovered at 1.3 million, practically unchanged from last month.
9hon MSN
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