Latino farmers in California fear unemployment due to drought 3:19 (CNN Business) –– The US economy added 428,000 jobs in April, the Bureau of Labor Statistics (BLS) reported on Friday. The unemployment rate remained stable at 3.6%. Which reveals that that period in which millions of jobs were created per month are behind us. Which is partly due to the fact that the recovery has come a long way and partly due to a shortage of workers that makes it difficult to hire more people. Economists surveyed by Refinitiv previously anticipated adding just under 400,000 jobs in April. Inflation Affects New Job Hiring in the US Meanwhile, the inflation problem in the United States has also affected new job hiring. As consumers see prices rise for virtually everything from food to rent to gasoline, companies are having to raise wages to compete for talent. That hits smaller companies especially hard and means they can’t hire as much as they might otherwise. In March, the nation had a record 11.5 million job openings, according to BLS data earlier this week. The number of workers who voluntarily left their jobs also reached an all-time high of 4.5 million in March. Still, hiring outnumbered resignations. News in development…
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