US Non-farm Payrolls rise by 428K in April

The US economy added 428,000 jobs in April, according to the latest Non-farm Payrolls (NFP) report released by the US Bureau of Labour Statistics on Friday. That was a little above the median economist forecast for a gain of 391,000 jobs, and exactly in line with the pace of jobs gains in March (which was revised lower to 428,000 from 431,000). The headline job gain was driven by a 406,000 gain in private-sector jobs, which came in above the 385,000 expected increase.