The unemployment rate in the United States of America (USA) rose to 3.9% in April, a tenth more than in the previous month and the economy created 175,000 new jobs, the Department of Labor reported.
ob creation was below what was expected by economists, who pointed to 243,000 jobs and a far cry from the 315,000 in March.
These data suggest that the Federal Reserve’s (Fed) restrictive monetary policy, with successive interest rate hikes until last summer, may finally be slowing down the pace of hiring.
In the previous 12 months, the monthly average of new jobs in the United States was 224,000, according to Lusa.
The report released by the Department of Labor indicates that workers’ remuneration rose by an average of 0.2% in April, compared to March, standing at $34.75 per hour and increased by 3.9% in the period of one year.
