Job growth accelerated by 428,000 in April, more than expected as jobs picture stays strong - 06 mai 2022
Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was 3.6%, slightly higher than the estimate for 3.5%. The April total was identical to the upwardly revised count for March. There also was some better news on the inflation front: Average hourly earnings continued to grow, but at a 0.3% level for the month that was a bit below the 0.4% estimate.
On a year-over-year basis, earnings were up 5.5%, about the same as in March but still below the pace of inflation. An alternative measure of unemployment that includes discouraged workers and those holding parttime jobs for economic reasons, sometimes referred to as the “real” unemployment rate, edged higher to 7%.