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Fox Business
Fox Business
5 May 2023


U.S. job growth continued to chug along at a healthy clip in April as the labor market remained surprisingly resilient even in the face of rising interest rates, declining economic growth and bank turmoil.

Employers added 253,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, easily beating the 180,000 jobs forecast by Refinitiv economists. The unemployment rate ticked lower to 3.4%, a historically low level, as more workers left the labor force.

This is a developing story. Please check back for updates.