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U.S. Posts Robust Job Gains, Data Offer Mixed Inflation Signs

  • Payrolls advanced by 428,000 in April, matching prior month
  • Unemployment rate held at 3.6% while participation declined
Bloomberg business news
U.S. April Job Growth Tops Estimates, 428,000 Jobs Added
Updated on

U.S. hiring advanced at a robust pace in April, yet a smaller labor force may increase pressure on employers to boost wages even more to bring workers back.

That dynamic will likely complicate the Federal Reserve’s fight to tame decades-high inflation, as central bankers work to bring labor demand in line with supply.