US Unemployment Rate Remains at 4.2%
The April Non-Farm Payrolls came in at 177,000, slightly below the 185,000 forecast but significantly above the previous month’s 130,000, indicating continued strength in the labor market.
The unemployment rate remained steady at 4.2%, matching both expectations and the prior month’s figure.
Despite the modest miss on payroll expectations, the solid rebound from March’s weaker number has reassured investors. The unchanged unemployment rate adds to the picture of a stable job market.
U.S. futures surged following the release, with the S&P 500 up 1.13% in premarket trading, as optimism grows that the economy is weathering high rates better than expected. The data may strengthen the case for a soft landing and increase expectations of earlier Federal Reserve rate cuts.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
