Hiring Pace Remains Brisk, While Wage Growth and Job Seeker Participation Cools

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Despite ongoing conflict in Europe and the highest inflationary period since the early 1980’s, the US labor market continues to grow briskly. In April, the economy added 428,000 jobs and unemployment remained steady at 3.6%. There was some expectation that heightened inflation could drive the labor force participation rate up, but several key indicators dropped in April.

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