US Economy Adds 177,000 New Jobs in April, Tops Market Estimates

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Payroll growth was led by health care, transportation and warehousing, and financial activities.

The U.S. labor market remains solid amid a backdrop of uncertainty as the economy created a higher-than-expected number of new jobs.

According to the Bureau of Labor Statistics, the U.S. economy added 177,000 new jobs in April. This is down from the 185,000 positions created in March, which was adjusted lower from 228,000.

Last month, the unemployment rate was unchanged at 4.2 percent.

Average hourly earnings held steady at 3.8 percent year over year.

The labor force participation rate edged up to 62.6 percent, and average weekly hours were flat at 34.3.

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