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US Labor Market Holds Steady with 177,000 Jobs Added in April
US Labor Market Holds Steady with 177,000 Jobs Added in April
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The US labor market demonstrated resilience in April, adding 177,000 jobs and surpassing analyst expectations of 133,000. Despite geopolitical tensions and trade uncertainties, employers continued hiring at a steady pace. The unemployment rate remained unchanged at 4.2%, signaling a balanced labor force.
March’s initially reported job gains of 185,000 were revised downward, though April’s figures still reflect underlying economic stability. With the Federal Reserve’s next policy meeting imminent, the report underscores a labor market weathering external pressures without significant disruption.
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