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market. april s surprising jobs report. all this coming in right here to cnn news central. all right, surprising and impressive jobs numbers just in this morning from the labor department. employers added 253,000 jobs last month. that is a lot more than the 180,000 that were expected. the unemployment rate also dropped slightly, now 3.4%, it s down from 3.5%, and 3.4% is like the lowest level it s been since 1969. this report comes just two days after the fed raised interest rates for the tenth consecutive time, all in an effort to rein in inflation. rahel solomon is with us. these are good numbers. these are good numbers and the labor market continues to defy expectations. 253,000 jobs added in the month of april. as you said, stronger than almost every economist that was polled was expecting. also stronger than the months prior. i want to put that 253,000 in perspective. we did get downward revisions for the prior two months so stronger than that, but you can see ....
Ten interest rate hikes you pointed out, despite 14 months of a very aggressive fed. that means we have still seen despite all this consumers continue to spend and companies continue to hire. companies continue to hire. i mean, the numbers tell the story. still positive and better than people expected. what about all the layoffs that have been in the news? we see layoffs in tech companies and other areas? a great point. what we re seeing essentially is a tale of two economies. parts of the economy that are more consumer facing like li leisure, like hospitality, they re still adding jobs. i adjust talked to the chief economist of zip recruiter and asked her the same thing. she said there s a funny situation going on where you have a boon in half the economy and a bit of a bust in other parts of the economy. and less than half of the economy, relatively low job gains and the production sector. if you are in parts of the economy that are interest rate ....