The U.S. labor market rebounded in April with the addition of 211,000 new jobs and the unemployment rate falling to 4.4%. Key sectors like leisure/hospitality, professional/business services, and healthcare saw employment gains. The labor force participation rate ticked down slightly while average hourly earnings rose by 0.3% and GDP growth slowed to 0.7% in the first quarter. Overall, the report indicates continued steady growth in the U.S. economy and labor market.