US job growth slows unexpectedly
Execs report difficulty finding workers as Covid uncertainty persists
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…
