2023-05-05 12:36:46
The US economy added 253 thousand new jobs in the private sector during the month of April, much higher than expectations of 180 thousand jobs only.
According to data from the US Department of Labor, data for the month of March was revised downward, to show the addition of only 165,000 jobs instead of 236,000 as previously reported.
Despite the serious crisis in the US banking sector, the number of jobs in the sector has increased by 23 thousand jobs.
Data from the Ministry of Labor showed that the unemployment rate in the world’s largest economy fell to 3.4 percent in April, the lowest level since 1969, contrary to expectations that it would rise to 3.6 percent.
The unemployment rate was at 3.5 percent in March.
The data comes at a time when the US economy appears to be heading towards a potential recession this year.
The Labor Department announced last month that the US economy added 236,000 new jobs in March, but the downward revision shows that the number of jobs was less than the forecast of 230,000 jobs.
February data was previously revised to show the addition of 326,000 jobs instead of 311,000 as previously reported.
The data of the Ministry of Labor also showed that the unemployment rate in America fell in March to 3.5 percent, while analysts’ expectations indicated that it would remain at the same level in February of 3.6 percent.
The number of Americans who filed new applications for unemployment benefits last week rose as the strength of the labor market gradually diminished due to the expected rise in interest rates that leads to a decline in demand in the economy, according to official data, Wednesday.
First-time applications increased by 13,000 to a seasonally adjusted level of 242,000 in the week ending April 29.
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