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Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and growing recessionary concerns.
Nonfarm payrolls increased by 253,000 in April, according to data from the Bureau of Labor Statistics released Friday. That’s more than the Dow Jones estimate of 180,000.
Friday’s data bolsters the argument that the labor market has remained idiosyncratically strong despite signs that the broader economy has slowed.
Almost 1 in 4 of the new jobs were in health care and social assistance, which added about 64,200 in the month. About 24,000 of those new jobs were in ambulatory services alone. Nursing and residential care facility payrolls rose by 9,000,…
Source cnbc.com
