April jobs report: Which industries saw the biggest payroll gain last month?

5/6/22
 
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from FoxBusiness,
5/6/22:

U.S. job growth continued at a brisk clip in April, buoyed by hiring at restaurants and bars despite concerns about a looming slowdown and record-high inflation.

Employers added 428,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, beating the 391,000 jobs forecast by Refinitiv economists. It marked the 12th consecutive month that job gains topped 400,000. The unemployment rate, meanwhile, held steady at 3.6%, the lowest level since February 2020.

“Today’s firm payroll data is good in that it confirms that the labor market is strong and suggests the U.S. economy may be sufficiently resilient to deal with the forthcoming monetary tightening, but bad in that it likely implies the Federal Reserve needs to do some seriously heavy lifting in order to slow activity down and subdue price pressures,” said Seema Shah, chief strategist at Principal Global Investors.

Job gains were broad-based across industries.

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