U.S. job growth totaled 175,000 in April, much less than expected
- US job growth slowed in April, adding 175,000 positions, based on Bureau of Labor Statistics data reported by CNN. Markets reacted positively, with futures surging.
- April's job numbers, though lower than March's revised figure, align with pre-pandemic trends. Economists predicted 235,000 added jobs and a 3.8% unemployment rate.
- Health care and social assistance industries saw significant job gains, with average hourly earnings growing by 3.9% annually in April.
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Leaning Left19Leaning Right6Center28Last Updated18 days agoBias Distribution53% Center