Hiring in the United States picked up pace in April and the unemployment rate inched down, according to government data released Friday, defying expectations of a slowdown despite higher interest rates. ManilaBulletin
The latest figures show that the labor market remains strong despite banking sector upheaval, higher borrowing costs and uncertainty surrounding a potential government default.
"Employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance," the department said in a statement.
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