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US job growth crashes below expectations amid labour shortages
US job growth slowed dramatically last month amid labour shortages (Getty Images)
US job growth was far slower than expected in April as labour shortages left employers scrambling to meet booming demand as coronavirus restrictions ease.
Non-farm payrolls increased by just 266,000 jobs last month, well below estimates of 1m, according to figures from the Labor Department.
It also marks a significant slowdown from the 770,000 jobs added in March.
The disappointing numbers the first since the White House’s $1.9 trillion Covid-19 rescue package was approved come as the US ramps up its vaccination rollout and the economy begins to reopen.