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Axios

Business

U.S. labor market booms in April, adding 253,000 jobs

the Labor Department

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The labor market added 253,000 payrolls in April, while the unemployment rate dipped to 3.4% — a historically low level.

Why it matters: Job growth continued to boom last month, the latest sign that the economy has strong momentum despite recent bank failures.

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