US Jobs Report: Economy Adds 256,000 Jobs in April, Unemployment Steady at 3.9%
The US economy added 256,000 jobs in April, well above the 185,000 consensus, while unemployment held at 3.9%. Average hourly earnings rose 0.3% month-over-month and 3.9% year-over-year. The strong da
TLDR
- โ256,000 jobs added in April, exceeding 185,000 forecast significantly
- โUnemployment stays at 3.9%, wages grow 3.9% annually
- โStrong data pushes Treasury yields higher, signals fewer Fed cuts
The US economy added 256,000 jobs in April, well above the 185,000 consensus, while unemployment held at 3.9%. Average hourly earnings rose 0.3% month-over-month and 3.9% year-over-year. The strong data pushed Treasury yields higher as bond markets priced out Fed rate cuts.
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