U.S. Added 428,000 Jobs In April Despite Surging Inflation

The video discusses the recent addition of 428,000 jobs to the US economy in April, maintaining the unemployment rate at 3.6%. The largest job gains were in leisure, hospitality, manufacturing, and transportation sectors. Wage growth was slightly below expectations, which may indicate easing inflation pressures. The Federal Reserve is expected to continue its current strategy to manage inflation through interest rate adjustments.

What was the percentage increase in average hourly earnings?

How might the average hourly earnings trend affect inflation according to the report?