From Investing.com: 2024-05-03 09:43:00

The April job report from the U.S. Bureau of Labor Statistics showed a cooling trend with the economy adding 175,000 jobs, below expectations. Healthcare, social assistance, transportation, and retail were the leading industries in job growth. Despite slower job growth, the unemployment rate rose slightly to 3.9%, while hourly earnings increased. The stock market reacted positively, but the bond market indicated increased demand for safer investments. Commodities like gold and crude oil rose, hinting at concerns over inflation and uncertainty. The report suggests a gradual slowdown in job growth, posing challenges for economic recovery.



Read more at Investing.com: April Job Report Shows Cooling Labor Market, Unemployment Hits 3.9%