U.S. added 115,000 jobs in April as economy contends with Iran war impact
The U.S. economy added 115,000 jobs in April, a sign that the labor market retained its resiliency even in the face of a global energy shock triggered by the U.S. war with Iran. The unemployment rate remained steady at 4.3%.
Economists were expecting 55,000 jobs to be added and projected that the unemployment rate would remain steady at 4.3%, according to a survey from Dow Jones.
The report also showed significant revisions to prior months. Employment in February was revised down by 23,000 to negative 156,000, but March was revised up by 7,000 to an addition of 178,000 roles.
The report from the federal Bureau of Labor Statistics also arrives as oil prices remain higher by more than 50% since the start of the year and average retail gas prices hover above $4.55 per gallon, up 50% since the war with Iran started in late February.
After the consumer price index showed inflation rising to 3.3% in March as a result of the Iran war fallout, Friday’s report showed that average hourly wages continued a strong 3.6% pace from the same time a year ago.
https://finance.yahoo.com/...
The U.S. economy added 115,000 jobs in April, a sign that the labor market retained its resiliency even in the face of a global energy shock triggered by the U.S. war with Iran. The unemployment rate remained steady at 4.3%.
Economists were expecting 55,000 jobs to be added and projected that the unemployment rate would remain steady at 4.3%, according to a survey from Dow Jones.
The report also showed significant revisions to prior months. Employment in February was revised down by 23,000 to negative 156,000, but March was revised up by 7,000 to an addition of 178,000 roles.
The report from the federal Bureau of Labor Statistics also arrives as oil prices remain higher by more than 50% since the start of the year and average retail gas prices hover above $4.55 per gallon, up 50% since the war with Iran started in late February.
After the consumer price index showed inflation rising to 3.3% in March as a result of the Iran war fallout, Friday’s report showed that average hourly wages continued a strong 3.6% pace from the same time a year ago.
https://finance.yahoo.com/...
27 days ago
