US job market stays strong despite widespread layoffs Government job cuts are at the highest they’ve been since September of 2011, with the most recent wave of layoffs hitting Army and Veterans Affairs offices. Wibbitz U.S. payroll growth slowed substantially in April as employers added 175,000 jobs amid high interest rates and stubborn inflation, while average pay increases fell to a three-year low. The unemployment rate rose from 3.8% to 3.9%, the Labor Department said Friday. Economists had estimated that 250,000 jobs were added last month, according to a Bloomberg survey. Employment gains for February and March were revised down by a total 22,000, and the report portrays a br
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