The US Jobs Market Continues Its Strong Comeback From the Pandemic

The U.S. job market remains red-hot. Employers added 428,000 jobs in April, extending a remarkable comeback in the labor market. From a report: The unemployment rate held steady at 3.6% -- matching its lowest level since the start of the pandemic. The economy has now replaced nearly 95% of the jobs that were lost when the coronavirus hit. And employers are still keen to hire. Job openings remain at or near an all-time high as businesses struggle to recruit enough staff. "For people who are out of work and looking, there are lots of job opportunities," Federal Reserve Chair Jerome Powell told reporters on Wednesday. "Wages are moving up at rates that haven't been seen in quite a long time, so it's a good time to be a worker, looking to either change jobs or get a wage increase in your current job," he added.

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