Job growth grew slower than expected in March, as hiring fell flat across many sectors including manufacturing and retail, Labor Department data shows.
Job growth sputtered in April as many industries like manufacturing and leisure and hospitality pulled back on hiring. Employers added 175,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, missing the 243,000 gain forecast by LSEG economists. It marked the worst month for job creation since October. The unemployment rate, meanwhile, inched higher to 3.9%.
There were also notable gains within other industries, including retail trade and wholesale trade . However, hiring proved to be lackluster beyond those sectors of the economy in April. Construction hired 9,000 workers in April, while both manufacturing and the government saw their payrolls rise by 8,000. ET FOX BUSINESS ON THE GO BY CLICKING HERE A handful of sectors of the economy saw hiring decline last month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bay Area bounces back with job gains in March, led by South Bay hiringThe job markets in the Bay Area and California powered to robust job gains in March.
Read more »
10 in-demand remote jobs companies are hiring for right now—many pay over $100,000Indeed reports a 40% increase in remote job openings between March 2023 and March 2024.
Read more »
Judo Bank Australian Services PMI declines to 53.6 in April, down from March's 54.4Australia's Judo Bank Services Purchasing Managers Index (PMI) slipped back in April, printing at 53.6 compared to the previous month's 54.4.
Read more »
US job openings fall to 8.5 million in March; lowest level in more than 3 yearsU.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resi
Read more »
‘March or April’: How Zelenskyy gave Johnson a deadline for military aidA December meeting between the speaker and Ukrainian president influenced Johnson’s decision to approve military aid for Ukraine.
Read more »
My IEEE Travels In March And April 2024I am the President of Coughlin Associates and a storage analyst and consultant. I have over 40 years in the data storage industry with multiple engineering and management positions. I have many publications and six patents to my credit.
Read more »