US Added 428,000 Jobs in April Despite Surging Inflation

The Labor Department's latest job report showed that last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century.

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A hiring sign is displayed at a restaurant in Schaumburg, Ill., April 1, 2022. Employers posted a record 11.5 million job openings in March, more evidence of a tight labor market that has emboldened millions of American workers to leave their jobs and contributed to the biggest surge in inflation in four decades. A record 4.5 million Americans quit their jobs in February — a sign that they are confident they can find better pay or working conditions elsewhere. (AP Photo/Nam Y. Huh)
Image via AP Photo/Nam Y. Huh

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century. The economy’s hiring gains have been remarkably consistent in the face of the worst inflation…

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