Labor Department Reports 177K New Jobs In April

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.

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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.