US adds stronger-than-expected 115,000 jobs in April despite Iran war impact

US employers added a robust 115,000 jobs in April, surpassing expectations despite global economic uncertainty from the Iran conflict. The unemployment rate held steady at 4.3%. Healthcare and transportation sectors saw significant hiring, while manufacturing experienced job cuts. This resilient labor market suggests the Federal Reserve may hold off on interest rate cuts as inflation remains a concern.

from Times of India https://ift.tt/SdnRijp