US jobs report shows 266k new jobs added in April, falls below expectations

As the economy works to recover from the impacts of the COVID-19 pandemic, the newest U.S. Jobs report shows hiring has slowed. Only 266,000 jobs were added in April, which is significantly lower than in March, the Associated Press reported. 

RELATED: US employers add 916,000 jobs in March as hiring accelerates 

The country’s unemployment rate rose to 6.1% from 6% in March, the Labor Department announced Friday. According to CNBC, the Dow Jones estimated that 1 million new jobs would be added and the unemployment rate would fall to 5.8%.

The leisure and hospitality industry saw the largest gains in hiring, with the addition of more than 330,000 workers.

The lack of available workers remains a crisis impacting the growth in jobs. The economy still remains 8 million jobs short of what the workforce looked like in 2020 before the pandemic. 

RELATED: US employers add just 49K jobs as unemployment falls to 6.3%

This is a developing story that will be updated.

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