Lates News

In April, American employers added jobs for the second consecutive month, marking the first time in nearly a year that there has been a two-month growth in employment. The unemployment rate remained stable. Data from the US Bureau of Labor Statistics showed that non-farm employment increased by 115,000 in April, surpassing market expectations after a significant increase in March. The unemployment rate in April remained unchanged at 4.3%. Following the release of the data, US stock index futures maintained their upward trend, while bond yields continued to decline and the US dollar weakened. The report indicated that the US labor market is gradually stabilizing after nearly zero growth last year. Despite weak demand for labor, layoffs remained low and tax cuts were also supporting consumer spending and business investment. This data provides more room for Federal Reserve policymakers to keep interest rates unchanged in the foreseeable future as they focus on the new inflation risks arising from the Iran war. Federal Reserve Chairman Powell stated last week that the job market is showing "increasing signs of stability." A key question in the future is whether the Iran war will begin to drag down hiring activities. Job growth was mainly seen in the healthcare, transportation and warehousing, and retail trade industries, while manufacturing employment saw a slight decrease.