All signs were pointing to a cooling labor market. Instead, the latest jobs report showed the unemployment rate fell to 3.4% in April after 253,000 jobs were added last month.
But hiring isn’t strong across the board, and is concentrated in a handful of industries.
“Employers continue to hire for in-demand skills while pulling back on non-essential headcount,” said Becky Frankiewicz, president and chief commercial officer at ManpowerGroup, a staffing agency.