U.S. Job Growth Disappoints in April, Unemployment Ticks Up to 3.9% In April, U.S. job growth fell short of expectations with only 175,000 jobs added, compared to the forecasted 240,000, while the unemployment rate rose to 3.9%, marking a deviation from the recent trend of robust employment gains. This shift could influence the Federal Reserve’s strategy on interest rate adjustments. Additionally, average hourly earnings increased by only 0.2% month-over-month and 3.9% year-over-year, figures that were also below expectations, suggesting subdued inflationary pressures. The broader labor market indicators, such as the more comprehensive unemployment rate and labor force participation, also reflected some softening, with the former reaching its highest level since November 2021 at 7.4%. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Prices Climb as Middle East Tensions Escalate Before OPEC+ Meeting READ MORE Fed Poised for Rate Cut Shift: Economic Boost or Cautious Approach? READ MORE Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE Market Analysts Forecast Gold to $2,600 READ MORE New York Community Bancorp Stock Halted After Big Plunge READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment