As we dial into the April BLS jobs report, we’re looking at key takeaways and what they mean for businesses and job seekers.
175,000 Jobs Added
In April, the BLS jobs report revealed a modest increase in job gains with main gains in health care, social assistance and transportation and warehousing.
3.9% Unemployment Rate
The unemployment rate edged up slightly from 3.8% to 3.9%, still remaining below 4% for 26 consecutive months. This marks the longest continuous period since the late 1960s.
62.7% Labor Force Participation Rate
The labor force participation rate remained unchanged over last month, coming in at 62.7%. A good sign for hiring companies with more talent entering the jobs market.
For more insights into today’s hiring landscape, click here to download LaSalle Network’s 2024 Talent Index or connect with our team today.
