Economy adds 428,000 jobs in April even as COVID cases edge higher, unemployment is unchanged at 3.6%

Posted on AllSides May 6th, 2022
From The Left
Nam Y. Huh, AP

Employers added 428,000 jobs in April, extending a streak of booming payroll gains despite a recent uptick in COVID-19 cases, persistent worker shortages and the war in Ukraine.

The unemployment rate was unchanged at 3.6%, the Labor Department said Friday.

Economists surveyed by Bloomberg had estimated that 390,000 jobs were added last month.

The nation has recouped 20.8 million, or 95%, of the 22 million jobs lost early in the health crisis, leaving it 1.2 million jobs short of its pre-pandemic level. The deficit could be closed by summer.

Job growth averaged more than half a...

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https://www.usatoday.com/story/money/2022/05/06/april-job-report-employers-covid/9664564002/

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