The economy added 115,000 jobs with solid hiring across all sectors, according to the Bureau of Labor Statistics.
The unemployment rate remains at 4.3%.
So-called experts predicted only 55,000 jobs.
Excellent numbers for April:
The federal government lost 9,000 jobs in April. Since October 2024, the federal government has lost 348,000 (11.5%) jobs.
The information sector went down 13,000.
Unfortunately, jobs in “mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; financial activities; professional and business services; leisure and hospitality; and other services” changed little.
You all know I prefer to look at revisions because they usually bring in lower numbers, which weakens supposedly excellent jobs reports.
BLS actually revised the March numbers up by 7,000, from +178,000 to +185,000.
However, BLS subtracted 23,000 jobs from February, reducing the figure from -133,000 to -156,000.
February’s revisions mean “employment in February and March combined is 16,000 lower than previously reported.”
The numbers are great, but until prices fall, especially gas, people won’t be happy.
Stop dilly dallying with Iran, extensions, etc. Iran will never cooperate or work with us.
[Featured image via YouTube]
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