April registered yet another solid month for employment growth.
With 164,000 net new jobs, employment growth in April maintained 2018’s solid pace. Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains.
A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
A number of indicators – particularly those related to hiring and turnover – are beginning to show signs of stabilization. Job openings are now firmly hovering around 6.0 million as employers continue to demonstrate difficulty filling open positions.
Senior Research Analyst
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