Forbes reports:
The labor market showed signs of steadiness in April as the U.S. added more jobs than expected, according to a Bureau of Labor Statistics report out Friday morning, as the economy walks the recession tightrope.
The U.S. added 177,000 non-farm jobs from March to April, the Labor Department said. Economists expected job growth of 133,000, according to median forecasts compiled by Dow Jones.
The unemployment rate was 4.2% last month, meeting projections of 4.2%, where it stood last month. The Labor Department revised down February and March job growth by 15,000 and 43,000, respectively, equating to 58,000 fewer positions added than previously reported.
Read the full article.
Since the first quarter decline in GDP growth was Biden’s fault, we can only presume that Biden gets credit for this jobs report. Right?
Photo: Labor Sec. Lori Chavez-Deremer.
U.S. added 177K jobs in April. Unemployment held at 4.2%. Gains led by health care & transportation; federal jobs fell. Wages up 3.8% YoY. Labor force participation steady at 62.6%. Prior months revised down by 58K. #JobsReport #Economy pic.twitter.com/cgUybavwOx
— Econoday, Inc. (@Econoday) May 2, 2025