U.S. economy adds 115,000 jobs in April, beating forecasts despite steady unemployment
The U.S. economy showed steady growth in April, adding more jobs than expected. Employers created 115,000 new positions, well above forecasts of 65,000. Despite this, the overall unemployment rate held firm at 4.3% for the month. Job gains in April were led by the healthcare sector, which expanded by 37,000 roles. Transportation and warehousing followed with 30,000 new positions, while retail trade added 22,000 jobs. However, the information sector saw a decline, losing 13,000 jobs during the same period.
The total number of unemployed Americans stood at 7.4 million in April. Unemployment rates varied across demographics: Black Americans faced a rate of 7.3%, while Hispanic workers saw a rate of 5%. Teenagers experienced the highest joblessness, with an unemployment rate of 14.4%.
April’s job growth exceeded expectations, with key sectors like healthcare and logistics driving gains. Yet disparities remained, particularly among younger workers and certain ethnic groups. The overall unemployment rate stayed unchanged, reflecting a mixed but resilient labour market.
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