February and March were reviewed.
The American economy added more expected jobs in April, while the unemployment rate remained the same.
The April job report of the United States Labor Statistics Office (BLS) showed that 177,000 new jobs were added to the economy last month, which was more than the 133,000 jobs that analysts expected.
The April results decreased as of March, when, initially, the office reported 228,000 new jobs. But that was reviewed by 43,000 to 185,000.
In addition, the February numbers were reviewed for the second time to 102,000. Initially, the BLS reported 151,000 jobs in February, then reviewed 117,000 in April, and now the February numbers have been reviewed lower to 102,000, in general, a reduction of 49,000 jobs, almost one third.
Including February and March, job numbers have been reviewed in 92,000 jobs.
The unemployment rate remains stable
They remained at 4.2% in April, which was in line with the estimates of economists. Unemployment figures have remained within the range of 4.0% to 4.2% since May 2024. The unemployment rate was 4.0% for men, 3.7% for women, 12.9% for adolescents. In addition, it was 3.8% for whites, 6.3% for blacks, 3.0% for Asians and 5.2% for Hispanics.
The participation rate of the workforce was 62.6%, while the employment population ratio was 60%, both change little in April. However, the number of long -term unemployed, the unemployed for 27 weeks or more, increased by 179,000 to 1.7 million. Long -term unemployed accounted for 23.5 percent of all unemployed.
In addition, the number of people who are not in the workforce that currently want a job changed little to 5.7 million.
Medical care, transport and finance add most jobs
In April, the works were in tendency in medical care, transport and storage, financial activities and social assistance. They were in the lowest tendency in the employment of the federal government.
Specifically, medical care added 51,000 jobs in April, almost the same as the average monthly gain of 52,000 in the previous 12 months. Most profits arrived in hospitals, more than 22,000, and outpatient medical care services, more than 21,000.
The employment in transport and storage increased by 29,000 with 10,000 added jobs in storage and storage, 8,000 aggregates in emails and messengers, and 3,000 added in air transport. Transportation and storage have added an average of 12,000 jobs per month during the previous 12 months.
In addition, the use of financial activities added 14,000 jobs. From an employment channel in April 2024, the sector has created 103,000 new jobs. In addition, employment in social assistance increased by 8,000, but at a slower rate than the average monthly gain of 20,000 in the previous 12 months.
Within the government, the employment of the federal government fell in 9,000 in April. Since January, federal government jobs have decreased by 26,000. It should be noted that license employees paid or that they receive continuous compensation salary are counted as employees.
Will it influence fed?
Among the industries that showed few or no change in April are the extraction of mining, extraction and oil and gas; construction; manufacturing; wholesale trade; retail trade; information; professional and commercial services; leisure and hospitality; and other services.
In addition, wages per hour for all employees only increased by 6 cents, or 0.2 percent, to $ 36.06. In the last 12 months, average time athlers have increased by 3.8 percent. The average work week for all employees did not change at 34.3 hours.
The state of the labor market is a part of the double mandate of the Federal Reserve when determining the rates, together with inflation. The solid jobs report for April is certainly good news for investors who want to see the lowest interest rates of the Fed.
However, most interest rates merchants, almost 99% according to the latest CME Fedwatch survey, expect the Fed to maintain fees where they are after the Federal Open Market Committee () meets next Tuesday and Wednesday from May 6 to 7.
For the June meeting, that percentage that says that the rates will remain the same fall to 60%.
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