Job creation in the US accelerated last month, in a sign that the labor market remains surprisingly resilient in the face of rising interest rates, chronic , major bank failures and economic uncertainties across the world. Despite those headwinds, total employment rose by a surging 253,000 jobs in April. That was far above what economists had projected, and an increase from the brisk 236,000 new jobs created in March. The unemployment rate ticked back down to 3.4 percent, matching a six-decade low, from 3.5 percent the month before, according to the Labor Department's employment situation report on Friday.
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