The Bureau of Labor Statistics (BLS) reports that U.S. employers expanded payrolls by 177,000 jobs last month. That figure is above economists’ projections of 130,000 jobs.
The April jobs report also notes that employers added 58,000 fewer jobs than previously reported for February and March combined.
Healthcare led the way in job growth last month
Employers in private education and health services were key contributors to U.S. job creation in April, expanding payrolls by 70,000 jobs. These industries also saw notable job gains last month:
Transportation and warehousing: 29,000 jobs added
Leisure and hospitality: 24,000 jobs added
Financial activities: 14,000 jobs added
Professional and business services: 17,000 jobs added, including 3,600 jobs in temporary help services
Construction: 11,000 jobs added
Government: 10,000 jobs added
Wholesale trade: 5,800 jobs added
Unemployment rate held steady at 4.2%
The national unemployment rate in April was 4.2%, unchanged from March.
The unemployment rate for college-degreed workers who are 25 or older decreased slightly last month. The rate was 2.5%, down from 2.6% in March. These professionals are the most highly sought-after hires by employers.