Official data on Friday showed higher-than-expected US job growth in April last year, while the unemployment rate stabilized at March levels.
And the U.S. Department of Labor said the nonfarm private sector added 428,000 jobs in April, more than analysts had expected to add 391,000, noting that the unemployment rate stabilized at 3.6 percent in April, unchanged from its level. in March last year and very close to its level in February 2020, before the coronavirus pandemic, when it gained 3.5%.
She attributed the rise in new jobs in the United States to “growth in leisure, hospitality, manufacturing, transportation, and warehousing.” different from the level of February 2020 (3.5% and 5.7 million, respectively).
US job growth reflects the ongoing recovery of the world’s largest economy, but it faces risks from the fallout from the war in Ukraine.
Source: El Iktisad
