Hiring unexpectedly accelerated last month despite the weight of rising interest rates and 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, when revised figures show 165,000 jobs added. The unemployment rate fell to 3.4% from 3.5% in March.
Construction companies added 15,000 jobs in April while factories added 11,000.
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