In April, the US added 115,000 non-farm jobs, exceeding expectations for the second consecutive month.
Data released by the US Bureau of Labor Statistics on Friday showed that the US economy added 115,000 new jobs in April, surpassing Wall Street's expectations for the second consecutive month. This figure is lower than the revised 185,000 new jobs in March, but higher than the 65,000 expected by economists in surveys. In recent months, US employment data has shown significant fluctuations, swinging between substantial growth and sharp declines, making it difficult for analysts to assess the overall economic health. Although the unemployment rate remains relatively low, internal disagreements within the Federal Reserve on how to deal with the energy shock triggered by the Iran war are intensifying, with policymakers debating its potential impact on the economy. Some officials are concerned that rising inflation could accompany an increase in unemployment rates, leading to stagflation as consumers reduce spending, resulting in employers laying off workers. Cleveland Fed President Hamack said on Thursday that if businesses see less demand for their products, they may reduce hiring. Currently, almost everyone who wants a job can find one. However, if there is pressure on the demand side, there may be risks to the Fed's employment-side mission. Therefore, there is currently a high level of uncertainty.
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