US added 115,000 jobs in April in surprise gain amid Iran war uncertainty
Summary
The US economy added 115,000 jobs in April, exceeding expectations of about 55,000 new jobs, while the unemployment rate stayed at 4.3%. Job growth was strongest in healthcare, transportation, retail, and social assistance, despite ongoing economic uncertainty caused by the US-Israel conflict with Iran.Key Facts
- US employers added 115,000 jobs in April, beating forecasts of about 55,000.
- The unemployment rate held steady at 4.3%.
- Job gains were mainly in healthcare, transportation and warehousing, retail, and social assistance (106,000 jobs added in these sectors).
- Federal government jobs fell by 348,000 since November 2024.
- The information sector also saw job losses.
- Private employers added 109,000 jobs, the largest gain since January 2025.
- Construction, trade, transportation, and utilities saw modest job increases; professional industries lost 8,000 jobs.
- The Federal Reserve kept interest rates steady, citing slow job growth, inflation, and Middle East uncertainty as reasons.
- Rising mortgage rates affect housing affordability even as home prices soften.
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