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Friday, June 2, 2023

America adds 428,000 jobs in April

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The days of millions of job gains per month are behind us, and the US labor market recovery has now moved into a new phase, complete with new challenges: It’s not that companies don’t want to hire, it’s that there were nearly two available positions for every unemployed person as of March. That is constraining how many jobs can be added each month.

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