25d • Industry News
Economy U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3%
Points
- Nonfarm payrolls rose by a seasonally adjusted 115,000 in April, down from the 185,000 created in an unusually strong March, but better than the 55,000 forecast.
- The unemployment rate held at 4.3%, further proof that the labor market has reached a point where only modest job creation is needed to keep the jobless level steady.
- Average hourly earnings came in lower than expected, increasing 0.2% for the month and 3.6% on an annual basis, compared with respective estimates for 0.3% and 3.8%.
- Following recent trends, healthcare led with 37,000 new positions, though multiple other sectors also saw gains.
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Economy U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3%
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