Live: Analysis of US Jobs Report for April
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The April US employment report, released on Friday, showed that nonfarm payrolls advanced last month, but at the slowest rate in six months. The unemployment rate ticked up to 3.9% and wage gains slowed. Job growth slowed in leisure and hospitality, construction, and government sectors, while payrolls declined at automakers and temporary-help providers. Gains were concentrated in health care, transportation, and retail trade. The number of weekly jobless claims edged down to 34.3, while the number of employees working part-time for economic reasons climbed to the highest since June 2. The Black unemployment rate tumbled last month after surging in March. The U-6 unemployment rate, a broad measure of employment, hours, and earnings, remained unchanged from the previous month. Bond yields tumbled, causing stock futures to rise, and the dollar weakened.

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https://www.bloomberg.com/news/live-blog/2024-05-03/us-employment-report-for-april