U.S. Adds 428,000 Jobs — There Are Still 1.9 Open Jobs Per Unemployed Worker
Friday, May 06, 2022
The U.S. economy added 428,000 jobs in April — another strong month of job creation.
The jobless rate—derived from a separate survey of U.S. households—remained at 3.6%, nearly identical to the pre-pandemic level of 3.5%, the Labor Department said Friday.
Employers have added at least 400,000 jobs to their payrolls for 12 consecutive months, as they scramble to accommodate waves of consumers returning to the marketplace from fading pandemic-related restrictions. Job gains in February and March were slightly downgraded—to 714,000 and 428,000, respectively—as the Labor Department collected more data.
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Help Wanted and Resignations Still Prevail
At the same time, there are millions of jobs still unfilled. There are 1.9 open jobs available per unemployed worker.
And, to further complex the job market, the “Great Resignation” continues — 4.5 million quit their jobs in March.
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