Job Growth Slowed in April

Job growth slowed more than expected in April, leading to market speculation of rate cuts. Despite the slowdown, the number of jobs added was not weak. The unemployment rate ticked up slightly, but the rise was minimal. The private sector added a healthy number of jobs, while government hiring decreased. Health care and social assistance sectors saw positive growth. The market reaction to the report may be overdone, as it is not likely to push the Fed into immediate rate cuts.

U.S. Job Market Report for February

Job creation in the U.S. exceeded expectations in February, with nonfarm payrolls increasing by 275,000. Despite the increase in jobless rate to 3.9%, the labor market remains strong. Average hourly earnings showed a slightly lower increase than expected, with markets reacting calmly to the news.