SHRM News Alert (05/06/22), Roy Maurer
Unprecedented demand for workers helped power another month of payroll gains as U.S. employers added 428,000 new jobs in April, according to the latest employment report from the Bureau of Labor Statistics.
The unemployment rate held at 3.6 percent, close to what is considered full employment. Wages continued to climb last month, up 5.5 percent year-over-year, driving concerns about an inflationary wage spiral.
Job growth was widespread last month, led by gains in leisure and hospitality, manufacturing and transportation. Recent government data shows the gap between job openings and available workers widening to a record 5.6 million in March, or about two jobs for every unemployed worker.