US Adds 115,000 Jobs in April, Beating Expectations Again
Summary
The U.S. economy added 115,000 jobs in April, more than double what experts expected. The unemployment rate stayed steady at 4.3 percent, showing that the job market remains stable.Key Facts
- The U.S. added 115,000 jobs in April, according to the Bureau of Labor Statistics.
- Analysts had predicted only 62,000 new jobs, so the actual number was much higher.
- Job growth came mostly from health care, transportation and warehousing, and retail trade.
- In March, job gains were revised up to 185,000 from an earlier estimate of 178,000.
- The unemployment rate stayed at 4.3 percent in April, matching expectations.
- When President Donald Trump returned to office in January, unemployment was 4 percent.
- The lowest unemployment rate since COVID-19 was 3.4 percent in April 2023.
- The report suggests the labor market is stronger than some expected despite global issues like the war in Iran.
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