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Robust Hiring in April Shows U.S. Job Market Remains Hot in Cooling Economy

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The U.S. added 253,000 jobs in April and the unemployment rate edged down to 3.4% as the labor market remains resilient amid banking turmoil, still-high inflation and rising interest rates WSJWhatsNow

Updated May 5, 2023 4:59 pm ETThe payroll numbers for April show a resilient job market despite banking turmoil, rising interest rates and high inflation. Photo: Jordan Vonderhaar/Bloomberg News

Americans landed jobs and their wages increased in April, showing the labor market remained resilient amid banking turmoil, rising interest rates and

 

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April hiring gains reflect a still-resilient US job marketAmerica’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.
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