Employers added 115,000 jobs in April, blowing past forecasts
Summary
In April, U.S. employers added 115,000 jobs, which was more than experts expected. The unemployment rate stayed the same at 4.3%, with healthcare and transportation leading job growth, while federal jobs declined.Key Facts
- Economists predicted 65,000 new jobs, but 115,000 jobs were added in April.
- The unemployment rate remained steady at 4.3%.
- Healthcare added 37,000 jobs, and transportation and warehousing added 30,000 jobs.
- Federal government jobs dropped by 9,000.
- March’s job growth was strong, with a revised total of 185,000 new jobs.
- February’s job numbers were revised down to show a loss of 156,000 jobs.
- About 26% of April job cuts were linked to companies using artificial intelligence (AI) to reduce costs.
- Experts say it is too early to know how the U.S. war with Iran will affect the job market, but higher oil prices may slow economic growth.
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