Topline
Despite major employers continuing to cut jobs, the Labor Department’s jobs report on Friday showed an unexpected rebound in employment—coming in well above economist projections as the Federal Reserve gauges whether the economy is cooling enough to officially end its aggressive rate-hiking campaign.
Key Facts
Total employment increased by 253,000 in April—far exceeding economist expectations of 180,000 after growth in March marked the lowest monthly gain since December 2020, according to data released Friday by the Labor Department.
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