US adds 428,000 jobs in April, ahead of economist estimates

The US added 428,000 jobs in April, ahead of economist estimates of 391,000 according to the latest non-farm payroll report from the US government.

The announcement confirmed that unemployment remained at 3.6%, with a recorded 5.9 million people unemployed, matching expert estimates.

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The unemployment rate represented a slight uptick from 3.5% at pre-Covid-19 pandemic levels, with the number of unemployed workers at 5.7 million before lockdown.

The report added that average hourly earnings increased 0.3% month-on-month, marking a 0.1% fall compared to the market expectation of 0.4%.

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