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 Powell's Speech and Job Data in Focus as Dollar Climbs on Yield Surge READ MORE Gold to Hit $2200 in 2024, Wells Fargo Joins Bullish Forecast READ MORE Global Creditors Deeply Concerned with Debt Relief Ratings READ MORE Fed Rate Cuts Predicted Only in Response to Economic Crisis, Says Black Swan Investor READ MORE ZeroHedge: Silver: The Moment to Take Action Has Arrived READ MORE Add a Comment Cancel replyYour email address will not be published.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