Monday, June 23, 2025

Latest

US Labour Market Growth Falls Below Expectations in April

Despite bullish expectations that the US economy is on a trajectory towards a strong recovery, job growth in April hit a huge roadblock, as the latest figures from the Bureau of Labour Statistics fall significantly short of consensus estimates.

According to the agency’s nonfarm payrolls report published on Friday, there were a total of 266,000 jobs added in April, which is well below the the consensus projections made by analysts. Economists polled by Reuters forecasted that 978,000 jobs would be added, while a Bloomberg survey called for a hiring surge of 1 million last month; both represented one of the largest downside misses on record.

This pushed the unemployment rate to 6.1%, albeit the labour force participation rate also increased. Moreover, to further add to the disappointment, the BLS downward revised March data from an original estimate of 916,000 to 777,000 new jobs.

According to the BLS, the notable gains in the leisure and hospitality sector were partially offset by declines in temporary help services and in couriers, as well as decreases in manufacturing and retail employment levels. However, despite the recent strong gains that surpassed those in other industries, employment levels in leisure and hospitality are still 17% below pre-pandemic levels in February 2020.

Although the bad news certainly put a damper on the bullish sentiment regarding the economic recovery, the US stock market remained relatively unaffected. In fact, the Dow Jones Industrial Average jumped 0.4% the S&P was up 0.7%, and the Nasdaq Composite rose 1% early Friday.


Information for this briefing was found via the Bureau of Labour Statistics. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

US Initial Jobless Claims Near 55 Million as Economic Recovery Becomes Stagnant

As the US economy struggles to make headway in its recovery, the number of unemployed...

Thursday, August 6, 2020, 12:25:12 PM

US Jobs Report Revises Down Prior Estimates By 149,000

Employment is on the rise in the US, with the latest report by the US...

Friday, May 5, 2023, 09:35:09 AM

Canada’s Labour Market Decelerates in October as Gains Normalize

Canada’s economy continued to add more jobs in the last month, as the easing of...

Saturday, November 6, 2021, 04:46:00 PM

US Jobless Claims Unexpectedly Increase From Pandemic-Low

First-time applications for unemployment benefits unexpectedly rose last week, as fears over the new Omicron...

Friday, December 17, 2021, 10:20:00 AM

US Unemployment Rate Fell by 2.2% in June, Payrolls Increased by Record 4.8 Million

Despite the continued chaos in the US regarding soaring coronavirus infection rates and hospitalizations, it...

Friday, July 3, 2020, 11:22:05 AM