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

5Mind. The Meme Platform

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.

“Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey,” 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 unemployed—individuals out of work for 27 weeks or more—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.

By Andrew Moran

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
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.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:01:39

Citizen Vigilante Delivers the Warning Western Governments Desperately Need to Hear

Citizen Vigilante shows what happens when the state stops defending the native population and shields favored migrant groups while criminalizing native dissent.

Murders on Pace to Drop to a 126-Year Low Following Illegal Immigrant Deportations: DHS

Crime rates have fallen to “historic lows” across the United States, with homicides this year on track to register the lowest level in at least 126 years.
00:02:09

California to Raise Minimum Wage to $17.40 in 2027

California Gov. Gavin Newsom announced Friday that California’s minimum wage would increase to $17.40 an hour beginning in January 2027.
00:01:55

US to Make Visa Bond Program Permanent for Citizens From 50 Countries

The State Dept said it will make permanent a visa bond program under which citizens from 50 countries are required to post bonds of up to $20,000 for business or tourist visas.

New York Times Says DOJ Subpoenaed a Freelancer Over North Korea Story

The New York Times said that the DOJ subpoenaed one of its freelance journalists over his 2025 story of a failed U.S. military operation in North Korea.
00:02:00

Clayton to Become Top US Intelligence Official on Monday

Jay Clayton will take over as director of national intelligence (DNI) on Monday, according to a social media post by acting director Bill Pulte.
00:57:09

Trump Imposes 4-Year Tariff-Rate Quota on Quartz Surface Imports

President Donald Trump on Friday signed a proclamation establishing a four-year tariff-rate quota on imports of quartz surface products.
00:18:44

Trump Launches ‘Freedom Haulers’ Plan to Replace Unvetted Truckers With Veterans

President Trump launches Freedom Haulers to boost highway safety by replacing unqualified commercial truck drivers with military veterans.
00:01:42

2 Small Businesses Sue Trump Admin Over New Forced Labor Tariffs

wo small businesses have filed a lawsuit to block new tariffs imposed by the Trump administration on dozens of trading partners.
spot_img

Related Articles

Popular Categories

MAGA Business Central