US Economy Adds 177,000 New Jobs in April, Tops Market Estimates

Contact Your Elected Officials

Payroll growth was led by health care, transportation and warehousing, and financial activities.

The U.S. labor market remains solid amid a backdrop of uncertainty as the economy created a higher-than-expected number of new jobs.

According to the Bureau of Labor Statistics, the U.S. economy added 177,000 new jobs in April. This is down from the 185,000 positions created in March, which was adjusted lower from 228,000.

Last month, the unemployment rate was unchanged at 4.2 percent.

Average hourly earnings held steady at 3.8 percent year over year.

The labor force participation rate edged up to 62.6 percent, and average weekly hours were flat at 34.3.

The consensus forecast indicated 130,000 new jobs and the unemployment rate holding steady at 4.2 percent.

Employment gains were concentrated in health care (51,000), transportation and warehousing (29,000), and financial activities (14,000).

Federal government employment tumbled by 9,000 and has declined by 26,000 so far this year.

โ€œEmployees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey,โ€ the Bureau of Labor Statistics noted.

Manufacturing payrolls fell by 1,000.

Employed full-time workers increased by 305,000, while part-time employees increased by 56,000.

The number of people working two or more jobs decreased by 76,000 to 8.86 million.

The years-long gap in payroll growth among U.S.- and foreign-born workers narrowed last month.

Employed foreign workers declined by 410,000 from March to April. However, employed American-born individuals increased by more than 1 million.

The number of long-term unemployedโ€”individuals out of work for 27 weeks or moreโ€”jumped by 179,000 to 1.7 million. The long-term unemployed account for nearly one-quarter (23.5 percent) of all jobless people.

Revisions continued as employment in February and March were adjusted lower by 58,000 from initial reporting.

Byย Andrew Moran

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Epsteinโ€™s Niece Exposes the Illuminati!

There is a shocking interview by the podcaster Shaun Attwood, an English former ecstasy trafficker turned YouTube podcaster, speaker, activist, and author.

When Gynocrats Attack: Innocent Locker Room Talk Interrupted By Rabid Karen

The question posed: โ€œWho do you think has a...

Obamaโ€™s Treason is a Betrayal of American Democracy and Demands Real Accountability

Few scandals have cast a longer shadow than the 2016 Russia investigationโ€”the manufactured crisis by President Obama designed to cripple Trump's presidency.

Chronic Grievous Insufficiency

A president's physical vigor, stamina, and mental acuity are essential to his ability to fulfill the duties of office and those qualities should matter with no regard to party affiliation.

COVID-19 Pandemic Accelerated Brain Aging Even in People Who Didnโ€™t Get Virus: Study

Brain aging appears to have accelerated by months during COVID-19 pandemic, even in people who did not get sick from the virus, according to study.

US Witnessing โ€˜CapEx Comebackโ€™ as Investment Wave Hits Economy: Treasury

The U.S. economy is experiencing a โ€œCapEx Comebackโ€ this year as private-sector investment soars, the Treasury Department said.

New Study: COVID-19 Vaccinations Prevented 2.5 Million Deaths Globally, Mostly Among the Elderly

New global modeling study estimates that COVID-19 vaccinations prevented about 2.5 million deaths worldwide between December 2020 and late 2024.

What to Know About New ‘Visa Integrity Fee’

New refundable โ€œVisa Integrity Feeโ€ for foreign nationals applying for nonimmigrant visas to enter the United States.

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50โ€“50 Ahead of Tariff Deadline: Trump

President Donald Trump said thereโ€™s a 50โ€“50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habbaโ€™s Nomination for New Jerseyโ€™s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJโ€™s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Muskโ€™s Companies to โ€˜Thrive Like Never Beforeโ€™

On Thursday, President Trump said, โ€œI want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!โ€
spot_img

Related Articles