In a surprise, the job market grew strongly in April despite high interest rates
The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.
Updated May 5, 2023 at 9:21 AM ET
Hiring unexpectedly accelerated last month despite the weight of rising interest rates and the recent stress in the banking system.
U.S. employers added 253,000 jobs in April, according to a report from the Labor Department Friday, a significant uptick from the month before.
Meanwhile, the unemployment rate fell to 3.4% in
