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Latest Posts by Dreadnought:
The U.S. labor market continued to defy expectations in April, with employers surpassing economists' forecasts and adding 115,000 jobs nationwide.
By the numbers
Economists predicted payroll gains of 65,000 in April, according to a consensus forecast from FactSet.
The unemployment rate, which has hovered above 4% since June 2024, held steady at 4.3%. Health care and transportation/warehousing companies led job growth in April, adding 37,000 and 30,000 jobs, respectively. Federal employment fell by 9,000.
The report follows a strong March report, when employers added a revised 185,000 jobs, according to the Labor Department.