Payrolls rise by 428,000 as unemployment rate holds at 3.6%

Payrolls rise by 428,000 as unemployment rate holds at 3.6%

U.S. job growth remained robust in April as the unemployment rate held near its pre-virus low, further underscoring the still-tight domestic labor market.

The Labor Department released its monthly jobs report for April Friday morning at 8:30 a.m. ET. Here were the main metrics from the print, compared with consensus data compiled by Bloomberg:

  • Non-farm payrolls: +428,000 vs. +380,000 expected and a revised +428,000 in March

  • Unemployment rate: 3.6% vs. 3.5% expected, 3.6% in March

  • Average hourly…


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