April Jobs Data Defies Slowdown Hopes with 115k Gain
TL;DR Summary
U.S. payrolls rose by 115,000 in April, beating estimates and keeping the unemployment rate at 4.3%; average hourly earnings rose 0.2% for the month and 3.6% year over year. Healthcare led hiring with 37,000 new jobs, with gains also in transportation/warehousing, retail, and social assistance. Information services fell by 13,000 as AI pressures persist, and the broader U-6 unemployment measure rose to 8.2%.
Topics:business#economy#healthcare-hiring#information-services#jobs-report#unemployment-rate-43#wage-growth
- U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3% CNBC
- Jobs Report Live Updates: U.S. Added 115,000 Jobs as Unemployment Rate Remained Steady The New York Times
- Jobs report coming Friday as layoff announcements mount, but hiring appears to be on the upswing Yahoo Finance
- U.S. economy adds 115,000 jobs in April, while jobless rate holds steady Axios
- Today’s jobs report could mark the start of a new normal: Slower growth | CNN Business CNN
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