U.S. employers hired at a robust pace in April, yet more tempered wage growth and a smaller labor force offered mixed signs for a Federal Reserve that’s aggressively raising interest rates to curb hot inflation.
The 428,000 gain in nonfarm payrolls matched the advance in March and was broad-based across industries, a Labor Department report showed Friday. The unemployment rate held at 3.6% and average hourly earnings rose, albeit at a more moderate pace from a month earlier. READ MORE
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