In April, the US economy added 177,000 jobs, surpassing expectations of 130,000, while the unemployment rate remained steady at 4.2%. Average hourly earnings rose 0.2%. Isaac Stell from Wealth Club noted that the job market demonstrated resilience despite ongoing tariff issues and declining business confidence. Significant hiring in sectors like healthcare and transport contributed to positive job numbers. However, impending job cuts from federal reductions and revisions to previous employment figures may alter the current outlook. Market reactions suggest an emotional response, clouding the objective economic reality, especially following a GDP contraction in the first quarter.
For the second month in a row the US jobs market showed far more resilience than had been expected, with a strong headline figure of 177,000 jobs created...
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