HomeTop U.S. NewsU.S. Job Gains Reach Lowest Level in 6 Months, Unemployment Rate on...

U.S. Job Gains Reach Lowest Level in 6 Months, Unemployment Rate on the Rise

The U.S. job market is facing an unexpected shift compared to the start of 2024. A recent report from the Bureau of Labor Statistics shows that U.S. employers added fewer jobs in April while the unemployment rate saw a rise.

According to the report, the total nonfarm payroll employment increased by 175,000 last month compared to 240,000 estimated by Dow Jones. This represents a steep decline compared to March, when 315,000 jobs were added, dwarfing the expected gain of 205,000.

The expectations were that the unemployment rate would remain steady at 3.8%, but April brought an uptick to 3.9%. Additionally, the wage gains also didn’t fare as estimated, rising 0.2% from March and 3.9% compared to the same period in 2023.

The cooldown of the job market is something that the Federal Reserve will likely look at as a sign that their interest rate policies are producing the desired results. With a slower labor market, the Fed will come closer to its goal of taming inflation and bringing it to 2%.

“Demand is still strong — the demand side of the labor market, in particular,” Federal Reserve Chair Jerome Powell said earlier this week. “But it’s cooled from its extremely high level of a couple of years ago.”

Chipotle Misses on Revenue and Same-Store Sales, Stock Slides

Fast casual restaurant chain Chipotle reported weaker-than-expected earnings for the first quarter of 2025. The company's revenue and same-store sales missed the estimates of...

Tesla Delays the Launch of U.S.-Made Affordable EV

Electric vehicle maker Tesla is delaying the launch of its U.S.-made affordable car for at least several months according to a newest report by...

Netflix’s Resilience Praised by Wall Street Analysts After Strong Q1 Earnings

Streaming giant Netflix continues to be championed by Wall Street analysts, who view the company as “resilient” in a tough economic environment after strong...