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Financial News: U.S. Employment Jumps More Than Expected In April

U.S. Employment Jumps More Than Expected In April

05/06/2022 - 08:38:00 (RTTNews)

(RTTNews) - Employment in the U.S. increased by more than expected in the month of April, according to a closely watched report released by the Labor Department on Friday.

The report showed non-farm payroll employment surged by 428,000 jobs in April, matching the revised jump seen in March.

Economists had expected employment to climb by 391,000 jobs compared to the addition of 431,000 jobs originally reported for the previous month.

Meanwhile, the Labor Department said the unemployment rate came in unchanged at 3.6 percent. The unemployment rate was expected to edge down to 3.5 percent.

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