- The unemployment rate in the United States remained at 3.6% in April.
- The same figure was recorded in March and it’s the lowest since the start of the pandemic.
- US employers added 428,000 jobs in April and average hourly earnings increased 5.5%.
The unemployment rate in the United States remained at 3.6% in April — the same figure registered in March and the lowest since the beginning of the pandemic. There were 5.9 million unemployed in March, according to the Bureau of Labor Statistics (BLS).
In the fourth month of the year, job creation was robust adding 428,000 more jobs. The sectors where employment increased the most were leisure and hospitality, industry, and transport and logistics, according to the EFE agency.
US creates hundreds of thousands of jobs in April
The figures for April confirm positive news for the labor market with very low unemployment rates and many opportunities for job seekers. In turn, this has led to a large number of workers leaving their jobs to find positions with higher pay and better conditions.
The competition between companies to find and retain employees in the midst of this labor shortage and the consequent rise in wages is one of the factors that is contributing to the high inflation that the United States is experiencing. It rose to 8.5% in March.
Hourly wages rise
Friday’s jobs report from the Department of Labor showed that hiring last month kept the unemployment rate at 3.6%, just above the lowest level in half a century, The Associated Press reported.
The economy’s hiring gains have been remarkably consistent in the face of the worst inflation in four decades. Employers have added at least 400,000 jobs for 12 consecutive months. Additionally, workers’ hourly wages rose an average of 10 cents to $31.85 last month and have increased by a total of 5.5% in one year.
Unemployment rates are higher for Hispanics
In April, the labor market participation rate, that is, the proportion of people of working age who have a job or are actively looking for one, stood at 62.2%, almost the same as in March and still below the 63.3% of February 2020, before the pandemic.
Unemployment figures continue to show, as usual in the US, large differences between racial groups. While while for whites it stands at 3.2%; for blacks it is 5.9% and for Hispanics, 4.1%.
The post The unemployment rate remained at 3.6% in the US in April appeared first on Mundo Hispánico