US jobs rose more than expected in April, with the unemployment rate holding steady, government data showed, as the world’s largest economy confirmed recent labor market gains but analysts warned of major weaknesses.
“Total non-farm payrolls increased by 115,000 in April, and the unemployment rate was unchanged at 4.3 percent,” the US Bureau of Labor Statistics (BLS) said.
The success came mainly in the health sector, transport and warehouse and retail business.
US job growth has been seen between expansion and contraction for the past year, raising concerns about the health of the labor market and economic growth more generally.
However, the figure may reassure Federal Reserve officials that they can keep interest rates on hold for now, as energy costs rise due to inflationary fears of Iran’s war fans.
Friday’s data beat analysts’ expectations, with economists polled by Dow Jones Newswires and The Wall Street Journal expecting growth of 55,000.
