This article first appeared in Nation’s Restaurant News.
The April jobs report exceeded forecasts, with about 177,000 positions added nationwide, according to federal data released Friday morning. The unemployment rate remained steady month-over-month at 4.2%. Overall, April marked the 52nd consecutive week of job growth.
This steadiness comes despite a 205% spike in layoffs in March, according to outplacement firm Challenger, Gray & Christmas, driven by cuts made by the Department of Government Efficiency.
The leisure and hospitality sector gained 24,000 jobs in April, including about 16,600 jobs at eating and drinking places. It marked the second straight month for gains, following about 29,800 new jobs added in March, and is a reversal from -28,300 in February and -27,000 in January — the weakest two-month period for the industry in more than four years, according to the National Restaurant Association.
Read the full article in Nation’s Restaurant News.
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