US APRIL JOBS REPORT 2022
Despite it all – Still Strong
With all that has been going on, we would expect a greater reduction in the growth rate.
The US Economy added 428,000 jobs in April amidst price increases, supply shortages, higher interest rates, and uncertainty. The Unemployment Rate remains unchanged in April from March, at 3.6%.
Much of the growth was in sectors that were most affected by the pandemic, mainly Leisure and Hospitality.
Employers are continuing the struggle to find skilled labor, while employee mobility is starting to drop. Candidates still have plenty of options, however we are starting to see a calmer, longer-term perspective as the employment of choice is trending towards Stronger Corporate Growth Plans.
U.S. Bureau of Labor Statistics