Execs report difficulty finding workers as Covid uncertainty persists
US President Joe Biden bumps fists with a man before delivering remarks on his American Jobs Plan in Lake Charles, Louisiana on Thursday. (Reuters Photo)
WASHINGTON: US job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labour market.
Payrolls increased by 266,000 after a gain of 770,000 in March, according to a Labor Department report Friday that fell far short of projections. Economists in a Bloomberg survey had projected a hiring surge of 1 million positions in April. The unemployment rate edged up to 6.1%, though the labour-force participation rate also…
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