U.S. employers add a surprisingly strong 115,000 jobs in April, while unemployment remains low
Summary
U.S. employers added 115,000 new jobs in April, which was more than expected, keeping unemployment steady at 4.3%. Despite global problems like the Iran war that raised oil prices, the American job market stayed strong, helped by sectors like healthcare and transportation.Key Facts
- U.S. employers created 115,000 jobs in April, beating the forecast of 65,000 jobs.
- The unemployment rate stayed low at 4.3%.
- Healthcare added 37,000 jobs, and transportation and warehousing added 30,000 jobs in April.
- Manufacturing lost 2,000 jobs in April and 66,000 jobs over the past year.
- Average hourly wages increased by 0.2% from March and 3.6% compared to April 2025.
- The labor force participation rate dropped to 61.8%, the lowest since October 2021, partly due to retirements and immigration policies.
- The Iran war disrupted global oil supplies, causing gasoline prices to rise above $4.50 a gallon in the U.S.
- President Trump’s tax cuts led to large tax refunds, which boosted consumer spending and supported job growth.
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