US job growth rebounds modestly; unemployment rate hits 3.9 percent

That was still the fewest amount of jobs created in six months and followed an outsized gain of 324,000 in February. While cold weather in March and April probably held back job growth, hiring is moderating as the labor market hits full employment. There has been an increase in reports of employers, especially in the construction and manufacturing sectors, struggling to find qualified workers.  

US job growth rebounds modestly; unemployment rate hits
US job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some jobless Americans left the labor force. Image source: Reuters

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