Economists expect modest job growth in April jobs report
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Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
Employers added 115,000 jobs and the unemployment rate remained at 4.3 percent despite higher energy prices and instability spurred by the war with Iran.
The U.S. job market blew past expectations again in April, buoyed by gains in industries including retail and transportation and warehousing. The unemployment rate stayed unchanged at 4.3%.
Employers currently hold more leverage in the labor market and are hiring with greater precision,” one executive said.
WASHINGTON (AP) — America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a low 4.3%, the Labor Department reported Friday.
U.S. job openings were essentially unchanged at 6.9 million in March, another sign the American labor remained sluggish even before the full impact of the Iran war hit the economy.