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May 6, 2024

Employers scaled back hiring in April

  • Last month's hiring gain of 175,000 jobs was down sharply from the blockbuster increase of 315,000 in March.
    • By PAUL WISEMAN and ANNE D’INNOCENZIO
    AP Business Writers

    WASHINGTON — The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.

    Friday's government report showed that last month's hiring gain was down sharply from the blockbuster increase of 315,000 in March. And it was well below the 233,000 gain that economists had predicted for April.


     
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