US Job Market
Employers in the United States added 177,000 workers to their payrolls in April, with the unemployment rate remaining at 4.2%. The private sector added 167,000 jobs, exceeding expectations. Average hourly earnings rose by 0.3%, and the average workweek expanded to 34.3 hours. Some sectors like manufacturing and construction showed positive job growth.
Key Points
- Private sector added 167,000 jobs
- Average hourly earnings rose by 0.3%
- Average workweek expanded to 34.3 hours
- Construction sector added 11,000 jobs
Pros
- Strong job growth in the private sector
- Increase in average hourly earnings
- Expansion of the average workweek
Cons
- Federal employment saw a decrease