Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4 percent, the U.S. Bureau of Labor Statistics reported. Employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance. The unemployment rate has ranged from 3.4 percent to 3.7 percent since March 2022. Both the labor force participation rate, at 62.6 percent, and the employment-population ratio, at 60.4 percent, were unchanged in April. These measures remain below their pre-pandemic February 2020 levels (63.3 percent and 61.1 percent, respectively). In April, average hourly earnings for all employees on private nonfarm payrolls rose by 16 cents, or 0.5 percent, to $33.36. Over the past 12 months, average hourly earnings have increased by 4.4 percent.
 
Source:  U.S Bureau Labor Statistics
Post by: Republic of Türkiye Ministry of Trade