Hiring in April was much weaker than most economists expected, with employers adding 266,000 jobs, a Labor Department report showed on Friday. Some forecasters had predicted payroll gains of at least 1 million, pointing to rapid economic growth this year.
The nation's unemployment rate ticked up to 6.1% from 6% as more Americans sought work. The labor force, defined as the number of people working or looking for work, grew by 430,000 people last month.
The leisure and hospitality sector added 331,000 jobs, but those gains were offset by big losses in temporary help services, transportation and warehousing and the auto sector.
"As shops and restaurants re-opened it looks as if a lot of delivery and temporary help services jobs vanished," Brian Coulton, chief economist at Fitch Ratings, said in a report. "The small rise in the unemployment rate, along with the downward revisions to job gains in March, emphasize just how far away we still are from regaining full employment."
Source: CBS News
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