From Investing.com: 2024-05-03 15:27:00

The U.S. Bureau of Labor Statistics released the April jobs report, revealing the economy added 175,000 jobs, falling short of expectations. Unemployment rose slightly to 3.9%, with average hourly earnings up by 0.2% month-over-month and 3.9% year-over-year. Healthcare led job creation, with the average workweek reduced to 34.3 hours. Stock market responded positively, with DJIA up by 1.2%, S&P 500 by 2.09%, and Nasdaq by 1.32%. Euro strengthened against the dollar, while the Yen weakened. The report suggests a gradual slowdown in job growth, easing inflation but raising concerns about economic recovery sustainability. Policymakers face challenges balancing price stability and economic growth.



Read more at Investing.com: April Jobs Report Raises Concerns About Consumer Spending and Business Investment