UK media: The US added 115,000 non-farm jobs in April, far exceeding economists' expectations of 55,000, with the unemployment rate stable at 4.3%, a strong performance amid ongoing economic uncertainty triggered by the ongoing Israel-Iran conflict.
Job growth was primarily concentrated in four sectors: healthcare, transportation and warehousing, retail, and social assistance, collectively contributing 106,000 positions; federal government employment continued to decline, having decreased by a cumulative 348,000 since November 2024. Previous data were also revised: March's job additions were upwardly adjusted from an initial estimate of 70,000 to 185,000, while February’s figure was revised downward from a reported loss of 92,000 to a loss of 156,000. ADP data showed private sector added 109,000 jobs, the highest since January 2025.
Last month, the Federal Reserve held interest rates steady due to slowing job growth, persistently high inflation, and tensions in the Middle East. Incoming Chair Powell now faces mounting pressure from the White House to cut rates.
Original source: toutiao.com/article/1864636790060232/
Disclaimer: The views expressed in this article are solely those of the author.