U.S. Jobs Report April: +428,000; Unemployment Rate 3.6%; Participation Falls - Bloomberg

2022-05-07 00:52:22 By : Ms. LINDA LI

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U.S. hiring advanced at a robust pace in April, yet a smaller labor force may increase pressure on employers to boost wages even more to bring workers back.

That dynamic will likely complicate the Federal Reserve’s fight to tame decades-high inflation, as central bankers work to bring labor demand in line with supply.