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US added 115,000 jobs in April showing surprising resilience in the market

The Independent·Paul Wiseman·27 days ago
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#jobs#market#economic#hiring#iran#article
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The American job market demonstrated surprising resilience last month, adding 115,000 new positions despite the significant economic disruption caused by the Iran war. This figure surpassed forecasters' expectations of 65,000 new jobs , though it marked a deceleration from the 185,000 jobs created in March. The national unemployment rate held steady at a low 4.3%. The conflict in Iran has triggered the most substantial disruption to global oil supplies in history, pushing average US gasoline prices beyond $4.50 a gallon this week . However, its impact on the American job market has, thus far, been limited. Economists had anticipated a slowdown in April hiring, with projections suggesting 65,000 new jobs across US companies, nonprofits, and government agencies. While this number would typically be considered unimpressive, current economic conditions are far from ordinary.…

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