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Strong jobs report to keep Fed on hold as war and energy prices make inflation the bigger worry
A stronger-than-expected April jobs report is expected to keep the Federal Reserve on hold as Kevin Warsh prepares to take over as chair in a week. “The April employment report…reinforces the view that the labor market is stabilizing, allowing the Fed to focus on policing the oil shock to ensure it is not contaminating underlying inflation more than expected,” said Marco Casiraghi, economic and central bank strategist for Evercore ISI. Payrolls added 115,000 jobs in April, trumping the 65,000 jobs analysts expected, as the unemployment rate held steady at 4.3%. Job gains, which have been concentrated mostly in ... (full story)
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From abcnews.com | May 8, 2026
A jobs report to be released on Friday will provide a key gauge of the U.S. economy as a sharp rise in fuel prices hammered shoppers weeks into the war with Iran. The fresh data, which details employment in April, is set to arrive as the war continues to drive up gasoline prices and borrowing costs, threatening a drag on the economy. Economists expect the ...
Total nonfarm payroll employment edged up by 115,000 in April, and the unemployment rate was unchanged at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, transportation and warehousing, and retail trade. Federal government employment continued to decline. This news release presents statistics from two ...
US employers added 115,000 jobs in April and the unemployment rate remained steady at 4.3%, a surprisingly robust gain to the labor market as the US-Israel war with Iran continued to drive up economic uncertainty. Economists projected about 55,000 new jobs and a 4.3% unemployment rate. A day earlier, the labor department announced 200,000 people filed for ...
