April nonfarm payrolls exceeded expectations, signaling resilience in the labor market despite prior downward revisions.
US nonfarm payrolls increased by 115K in April, surpassing the 62K forecast, the Bureau of Labor Statistics reported. The print marked a slowdown from March’s upwardly revised 185K gain, originally reported as 175K.
Analysts had anticipated a weaker reading amid signs of cooling labor demand. The April figure follows a downward trend from earlier in the year but remains above pre-pandemic averages.
Markets are assessing the data for implications on Federal Reserve policy, with focus on wage growth and unemployment trends in the full report.