The US jobs market continues its strong comeback from the pandemic

|

May 6th, 2022

A hiring sign is displayed at a restaurant with someone sitting behind the window.
A hiring sign is displayed at a restaurant in Schaumburg, Ill., April 1, 2022. Employers posted a record 11.5 million job openings in March, more evidence of a tight labor market that has emboldened millions of American workers to leave their jobs and contributed to the biggest surge in inflation in four decades. A record 4.5 million Americans quit their jobs in February — a sign that they are confident they can find better pay or working conditions elsewhere. (AP Photo/Nam Y. Huh)

The U.S. job market remains red-hot.

Employers added jobs 428,000 jobs in April, extending a remarkable comeback in the labor market. The unemployment rate held steady at 3.6% — matching its lowest level since the start of the pandemic.

The economy has now replaced nearly 95% of the jobs that were lost when the coronavirus hit.

Related

Top Stories