The unemployment rate rose to 6.9% in April, worse than expectations for a flat reading…

… on the back of a near-50K loss in full-time jobs, which are down more than 110K through the first four months of the year.

At the industry level, results were mixed…

… and with job vacancies still in a lull, it’s unlikely we see green across the board any time soon…

… or a big improvement in the 22.5% of job seekers in long-term unemployment, which sits roughly 5% higher than the pre-pandemic average of 17.1%.

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