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Provided by Dow Jones By Sarah Chaney Cambon and Gwynn Guilford U.S. employers added a modest 266,000 jobs in April, far short of the 1 million expected among economists, and unemployment rose to 6.1%. The slowdown in hiring signaled a potential slowdown in economic momentum, at least temporarily, as some businesses struggled to find workers and faced supply-chain issues. The deceleration came after payrolls rose a downwardly revised 770,000 in March and an upward revision of 536,000 in February, the Labor Department said Friday. Unemployment rose from 6% ...

Provided by Dow Jones By Eric Morath Jobless claims fell again to the lowest level since the pandemic took hold more than a year ago, another sign the labor market is rebounding this spring. Initial unemployment claims, a proxy for layoffs, fell by 13,000 last week to a seasonally adjusted 553,000, the Labor Department said on Thursday. The previous week's figure was revised up to 566,000. The latest reading marked the third straight week jobless claims were below 600,000, their lowest levels since early 2020. The four-week moving average, which smooths out vola...

Provided by Dow Jones By Josh Mitchell A burst of growth put the U.S. economy just a shave below its pre-pandemic size in the first quarter, extending what is shaping up to be a rapid, consumer-driven recovery this year. Gross domestic product, the broadest measure of goods and services made in the U.S., grew at a 6.4% seasonally adjusted annual rate in January through March, the Commerce Department said Thursday. That left the world's largest economy within 1% of its peak, reached in late 2019, just before the coronavirus pandemic reached the U.S. Househo...

Provided by Dow Jones By Danny Dougherty and Eric Morath Hiring increased in 49 states across the country in March, with large states such as California, Texas and New York adding the most jobs. California added 119,600 last month, Texas added 99,000 and New York employment rose 63,700, the Labor Department said Friday. Alaska was the only state to shed jobs, losing about 200. Still, labor-market performance is uneven across the states, as some dealt with increases in infections while others have more fully reopened as vaccinations accelerated. The broader...